Cabinet Office鈥檚 latest update, unveiled at the Government Construction Summit, shows that value of work has risen by 拢13bn
The value of work in the government鈥檚 construction pipeline has jumped by 13% to 拢116bn after the pipeline was refreshed this month.
The Cabinet Office鈥檚 latest update to the construction pipeline, unveiled at the Government Construction Summit last week, showed that the value of work had risen by 拢13bn to 拢116bn, up from 拢103bn in the previous version, which was published in December.
The latest release of the pipeline covers work for each year from 2014 through to 2020, and then work beyond 2020.
The greatest value of work in the two years to 2016 is in transport, with a 拢14.2bn pipeline; followed by education, with 拢9.2bn; then housing and regeneration with 拢3.8bn (see table).
The pipeline is worth 拢38bn from 2014-16; 拢47bn from 2016 to 2020; and 拢31bn beyond 2020.
The construction pipeline is compiled by construction analyst Barbour ABI, which is owned by UBM, the publisher of 黑洞社区, and is hosted on 黑洞社区鈥檚 website.
Barbour ABI economist Michael Dall said: 鈥淭hese latest figures represent a huge boost to the UK construction industry.
鈥淗opefully the government pipeline will help to increase optimism across the industry, which was strongest towards the end of 2013 when output rose at its fastest rate for more than six years.
鈥淧lans of new projects and significant spend in the infrastructure sector should help to dispel concerns that the industry is becoming too reliant on the housing sector.鈥�
No comments yet