Infrastructure and Projects Authority unveils £37 billion pipeline

The Infrastructure and Projects Authority has published details of the planned project pipeline that could see contracts worth up to £37 billion brought forward during the next 12 months.

The procurement pipeline includes 340 procurement contracts across over 260 projects, programmes and other investments.

The announcement provides much needed visibility of where infrastructure investment is being made and by whom. In publishing projections of short term procurement, the IPA aims to boost market confidence and help the sector with business planning during this challenging period. In addition, the IPA plans to publish a full National Infrastructure and Construction Pipeline later in the year.

Nick Smallwood, chief executive at the IPA, said: “We cannot afford to waste the opportunity presented as the sector recovers to do things faster, more effectively and more productively.

“For this reason, the IPA continues to focus on working with industry to implement our Transforming Infrastructure Performance (TIP) Programme. The Programme aims to ensure we are making the most of this pipeline of investment by addressing some of the key challenges to improving productivity.”

The Industry Recovery Plan published by the Construction Leadership Council (CLC) set out a way forward and the IPA intends to work with it to create a step change in performance to help industry emerge from this crisis in a stronger position.

The CLC today welcomed the publication of the IPA Procurement Pipeline and said that the Pipeline will provide much needed confidence and certainty to the market during the COVID-19 pandemic – and as such is a key part of the CLC’s ‘Road to Recovery’ .