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Energy and transport form bulk of infra work

A new map of infrastructure projects in development or pre-procurement stages has shown that most are in energy and transport.

KPMG has launched an interactive map of 100 projects, which features 47 schemes in the energy sector and 30 in transport.

The interactive infrastructure map, at www.kpmginteractiveinfrastructure.com, covers projects worth £20m or more and will be updated so that once projects commence procurement, they will be removed from the map.

The schemes include Wylfa nuclear power station, worth around £10bn, and Crossrail 2.

KPMG UK head of infrastructure, building & construction Richard Threlfall said the map had been launched in response to repeated calls for better visibility of the infrastructure pipeline in the UK.

“It is a platform for the industry to bring together the infrastructure community at an early stage,” he said.

“It shows the future of UK infrastructure, but only if the planning and financing challenges that bedevil so many projects can be overcome.

“It is an indication of the range of investments we need to make if the UK is to remain competitive in the global economy.”

KPMG energy partner Andrew Cox said: “I am not surprised to see energy projects appear so prominently on the map given the investment required to achieve renewable energy targets along with increasing concerns over energy security in the UK. 

“However, the UK energy sector must attract capital from many sources, including international investors who have multiple choices over where to deploy their capital around the world. 

“Both UK government and industry will need to continue to work together to maximise the attractiveness of the UK throughout the remainder of this decade – nothing can be taken for granted.”

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