PFI to lose out in roads policy shift: consternation among roadbuilders as government opts for traditional building routes

Article Abstract:

The massive reduction in roadbuilding announced by the UK government is set to severely hit the construction industry, particularly companies active in the design-build-finance-operate sector. Some 37 projects are to go ahead, but none of them will be privately financed except the 146 million pounds sterling A13 Thames Gateway project. Over 100 road projects sanctioned by the previous government are to be axed although spending on road maintenance is being increased. It is expected that the new measures will lead to a cut in the number of firms that are able to build major roads.

Analysis, Laws, regulations and rules, Road construction industry, Road construction, Design and construction, Roads

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The report they don't want you to read

Article Abstract:

Some industry observers have suggested the report on UK Private Finance Initiative (PFI) design will not be published because many of its recommendations are not supported by the Treasury. The steering group was set up, in Mar 1997, to look into how buildings could be designed to cut their operational costs and to find ways of improving the quality of work carried out on PFI projects. The group suggested current funding did not encourage the involvement of the best architects. The Treasury has sought to remove some of the suggested professional reimbursements.

United Kingdom, Evaluation, Buildings and facilities, Public buildings, Public contracts, Government contracts, Domestic policy, Government programs

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Top 10 struggle to compete in Europe

Article Abstract:

Leading UK contractors continue to face mixed fortunes, according to a report from Construction Forecasting and Research. The industry performed badly in 1995, but output is likely to have risen in the second quarter of 1996. The housing market is beginning to revive, and the prospects for consultants and building materials manufacturers are beginning to look more positive. However, the effects of the private finance initiative and lottery schemes will not start to be felt until 1997.

Construction industry, Economic aspects

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