The 7th Edition of the ‘Transport Infrastructure Construction and RMI Market Report – UK 2019-2023′ will be of interest to individuals and construction professionals, and provides a comprehensive review of transport infrastructure construction and RMI, with forecasts to 2023 and identification of major developments beyond this date.
This report specifically reviews the UK transport infrastructure construction market against a backdrop of ……
….. constrained public sector funding, ongoing Brexit uncertainty, continuing political turmoil and the pending outcome of the December 2019 UK General Election. The Report specifically focuses on construction and development within the transport infrastructure sectors of roads and highways, rail, airports and ports.
As part of its investment in transport infrastructure, the Government has announced a total forward pipeline of around 256 transport projects, predominantly focussed upon rail developments. Other significant funding initiatives across the transport construction sector include the National Productivity Investment Fund (NPIF), Highways England Road Investment Strategies (RIS & RIS2), Network Rail Control Periods (CP5 & CP6), the National Roads Fund (NRF), Highways England Maintenance Budget and the Regional Delivery Partnership Framework.
Smart motorway schemes, motorway junction improvements and carriageway dualling schemes are the main drivers for road construction output in 2019/20, while the rail subsector will largely be driven by maintenance and renewals work. Airports will see growth as a result of investment programmes at the major airports such as London Heathrow, London Gatwick and Manchester while construction activities within harbours will be largely impacted by a shift in demand for services across UK ports.
The Transport Infrastructure Construction and RMI Market Report – UK 2019-2023 is available now and can be ordered here.