Transport is the biggest spend area within infrastructure, amounting to £122+ billion, with around £55 billion to be invested in sector to 2021.
Transport projects amount to over 30% of the investment being made in infrastructure from 2017 to 2021. With over 250 planned transport projects and programmes in the pipeline, worth around £120 billion, this represents a significant opportunity for suppliers looking for opportunities in this sector.
Transport includes investment in transformative projects like High Speed 2 (HS2), along with hundreds of investments to maintain and upgrade key infrastructure like local roads, stations, airport, local authority transport and ports, as well as infrastructure to support emerging technologies like electric vehicles.
Highlights from this sector include:
- The National Roads Fund will receive £28.8 billion from 2020-2025. £25.3 billion of this is expected to fund the draft Roads Investment Strategy 2, which is the largest ever investment in England’s strategic roads.
- Up to £37 million in further funding to support the development of Northern Powerhouse Rail.
- The Charging Infrastructure Investment Fund was announced in 2018. The £400 million fund, with up to £200 million of government investment matched by the private sector, will catalyse the rollout of electric charging infrastructure needed to support the uptake of electric vehicles.
- The Transforming Cities Fund (TCF) is designed to improve transport links and promote local growth within city regions. 10 city regions have been shortlisted to receive a share of the competitive fund. Expansion at Heathrow will bring up to £74 billion worth of benefits to passengers and the wider UK.
Supply Chain Engagement Zone
The Transport & Logistics Supply Chain Engagement Zone will deliver a series of presentations focusing on some of the leading projects in this sector underway or in the pipeline across the UK.