Deloitte response to National Infrastructure Plan
29 November 2011
Commenting on the proposals announced by the Government to update the UK’s infrastructure and drive economic growth, Nick Prior, head of Infrastructure and Capital Programmes at Deloitte said:
“The package outlined by the Chancellor is a starting point. While new financing is welcome, the benefits in terms of economic growth can only be realised once the shovel gets in the ground on some new projects.”
On the agreement with pension funds to channel more investment in to UK infrastructure, Prior adds:
“The appetite of the Government and pension funds to update infrastructure is welcome but the devil will be in the detail. There remains a challenge to finance the earlier construction and development stages of infrastructure projects. If they can secure pension fund investment in these riskier stages, it will be a significant achievement for the Treasury.”
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