Major UK projects across energy, transport, schools and skills have featured in this year’s KPMG Infrastructure 100: World Markets report.
The report identifies the top 100 unique infrastructure projects across the world due to their innovation, development and private finance.
Hinkley Point C (£16bn construction cost) and HS2 (42.6bn) have been identified as some of the world’s most “innovative and impactful infrastructure” projects.
The rebuilding of 261 schools in the government’s £2.4bn Priority School Building Programme also featured, along with Thomas Heatherwick’s £175m Garden Bridge, which was given the green light by Lambeth Council this week.
Projects have been chosen by four panels of judges across four identified markets: economic powerhouses; emerging markets; mature international markets; and small-established markets.
The UK has been identified as a mature international market, described as “dynamic” and open to a wide variety of private investment opportunities in infrastructure.
Other countries in this market include Australia, Canada, Germany, France and Spain.
But the report has warned of the “threat” the skills crisis poses to these projects, including a shortage of master planners, experienced developers, knowledgeable fund managers and nuclear engineers.
Mature international markets – things to watch:
- Governments have been prepared to intervene to support projects
- Limited supply of specialist talent could threaten momentum
- Aging populations could affect state funding
- Asset sales or privatizations