This week’s Chart of the Week shows that the updated Treasury documents have added more than £68bn of potential work to the infrastructure pipeline.
The updated National Infrastructure Pipeline for March 2016 shows a total of £425.6bn of investment is expected from 2016/17 onwards.
Compared to last year’s pipeline, published in July 2015, that is a significant increase.
National Infrastructure Pipeline summer 2015 vs spring 2016_Treasury
The new pipeline is 19 per cent higher than its predecessor, with an additional 33 per cent of spending expected beyond 2020/21 – amounting to an extra £46.1bn.
In 2016/17 alone, March’s pipeline has set out an additional £3.2bn of spending compared to its predecessor.
Although this figure has been boosted by some projects being pushed back – particularly the three new nuclear projects at Hinkley Point C, Moorside, and Wylfa – this still represents a significant boost to infrastructure spending.
Look out for full analysis of the NIP and its potential for contractors in next week’s Inside Knowledge.