Roads construction and maintenance is
mainly being driven by the first phase of the Highways Agency’s 5-year Roads
Investment Strategy (RIS1), which is part of the National Infrastructure Plan
(NIP). Under this, over £15bn of funding has been allocated for capital
enhancement and renewals for the period 2015-16 to 2020-21. Other major road
schemes are being delivered as part of the multi-modal Transport Strategy for
the North, which sets out the strategic options for future transport investment
in the north of England to boost the Government’s concept of a “Northern
Powerhouse”.
As a result of these and other ongoing schemes, roads
construction output is forecast to increase in 2018 and 2019 as road
improvement contracts under Highways England’s Collaborative Delivery Framework
(CDF) translate into increased output.
In addition to new works and major upgrade programmes, Highways England also
has a maintenance budget of £1.3bn over its first fixed 5-year investment
period for to 2019-20.
In the rail sector, there have been
significant increases in contractors output and new orders, underpinned by a
combination of major projects and regional frameworks. Contractors working in
the UK rail sector currently have £38bn funds available for Network Rail for
Control Period 5, covering the period between 2014 and 2019.
Rail construction
output is expected to grow significantly during the period 2017-2019,
underpinned by a substantial number of major schemes. These include the Bank
Station redevelopment project, main tunnelling works on the Northern Line
extension to Battersea and
electrification of certain cross-country routes, the delayed Metropolitan Line
extension project and enabling works on Phase 1 of the HS2 Project.
In the airports sector, proposed additional
runway capacity at Heathrow should underpin future development, though major construction
works are not likely to begin until 2021. Output in the airports sector is also
expected to be boosted by a 4-year development programme at Manchester Airport
and a £1.2bn capital investment programme over the next 5 years at Gatwick
Airport.
Furthermore, announcements of
additional capacity and investment at the UK’s major airports, together with a
number of smaller and medium sized projects at both major and regional airports
should also generate additional work in the sector over the next few years.
In the UK ports sector, a number of major
schemes are currently being planned or are progressing, many of which are part
of key major regeneration schemes including: a significant expansion at the
Port of Tilbury; the Western Docks Revival (DWDR) project at the Port of Dover;
the second phase of Peel Ports Group Liverpool2 terminal expansion programme;
and a major expansion of Southampton Docks.
In Scotland, Wales and Northern
Ireland each devolved administration produces its own infrastructure plan
setting out spending on economic infrastructure. The Scottish investment
pipeline includes 30 major programmes and over 100 individual projects. In
Wales, around £2bn is being invested in transport infrastructure projects,
while in Northern Ireland, £2.6bn is being invested, with the majority being
spent on roads.
The outlook for transport
infrastructure construction is positive, with the Government recently
committing to providing the biggest investment in transport infrastructure in
years, and as a result. Forecasts indicate increasing output and a significant
pipeline of major projects under the National Infrastructure and Government
Construction Pipeline (NIP). As part of the NIP, around £92bn is to be invested
in transport infrastructure over the period to 2020-21, of which more than half
will be put into railways projects. A further £40bn will be invested across the
infrastructure sector at large after 2021.
The ‘TransportInfrastructure Construction and RMI Market Report - UK 2017-2021 Analysis’
report is published by AMA Research, a leading provider of market research and
consultancy services with over 25 years’ experience within the construction and
home improvement markets. The report is available now and can be ordered online
at www.amaresearch.co.uk or by calling 01242
235724.
No comments:
Post a Comment