Hopes grow for road investment

17/11/2011 | HIGHWAYS REPORTERS

The Government is believed to be preparing plans for a £50bn infrastructure investment programme to be unveiled alongside the Autumn Statement on November 29.

The money will be raised from the private sector so it will not derail the ongoing deficit reduction plans.

The Government hopes to mobilise the mountain of private sector cash tied-up in pension funds and owned by insurance companies via a revamped PFI model.

The Department for Business, Innovation and Skills has been charged with drawing-up the growth plan for construction to lead the way in boosting the floundering economy.

The money will be used for infrastructure investment including road building, power stations and social housing.

The schemes will be in addition to 40 road, rail and national grid improvements which are already in the pipeline and will be accelerated.

The move follows pressure from construction chiefs and business leaders at the CBI to boost investment in the UK’s infrastructure.

The Government hopes the timing will appeal to private sector investors frustrated by the low current rate of return from traditional investments.

Business secretary Vince Cable (pictured) said: “We know there’s a large amount of institutional investment in pension funds and insurance companies looking for a safe return.”

Highways InProfile

latest magazine issue
Highways jobs

Flood Risk Engineering and Strategy Officer

£49,764 - £55,623
In line with our One Coventry Values, we want to ensure that our communities are represented across our workforce Coventry, West Midlands
Recruiter: Coventry City Council

Senior Integrated Transport Officer

£34,324 - £37,529
Are you an experienced transport planning professional ready to influence strategic policy and drive real change Matlock, Derbyshire
Recruiter: Derbyshire County Council

Street Cleansing Operative

£25,584.00 to £27,269.00, Grade 5
An opportunity exists in the Council’s Street Scene Services for a Street Cleansing Operative Wakefield, West Yorkshire
Recruiter: Wakefield Council

Highways Gully Operative

£25,584.00 to £27,269.00, Grade 5
Are you a hard-working looking for career in highway maintenance? Wakefield, West Yorkshire
Recruiter: Wakefield Council

Roadworker Trainee LGV Driver (3 Posts)

Grade 6 £25,183 - £25,638 per annum (Pay award pending)
We’re looking for Roadworker/trainee LGV drivers to be part of our team undertaking major highway, bridge and related construction and reconstruction Derbyshire
Recruiter: Derbyshire County Council

Highways Operative - WMF3003e

£27,711 - £28,624
We are looking to recruit Highways Operatives to our Highways Service. Kendal, Cumbria
Recruiter: Westmorland and Furness Council

Engineer

£44,430 - £51,663
This post is within the Highways Design and Delivery Team. London (Greater)
Recruiter: Tower Hamlets London Borough Council

Highways Policy and Procedures Officer - WMF3011e

£37,035 - £37,938
This is an exciting opportunity to support the Asset Manager in developing policies and procedures Cumbria / Various
Recruiter: Westmorland and Furness Council

Highway Maintenance Bridge Engineer

Band G, SCP 32 -37 (£41,511 - £46,731 per annum)
We have an exciting opportunity available within the Highways Service at Sandwell Council House based in Oldbury. Sandwell, West Midlands
Recruiter: Sandwell Metropolitan Borough Council

Civil Enforcement Officer - WMF3013e

£27,711 -£28,624
Are you seeking an active and challenging role, part of a friendly and welcoming team? Cumbria / Various
Recruiter: Westmorland and Furness Council

RCHW Site Operative - Dovercourt Recycling Centre

Up to £25081.00 per annum
RCHW Site Operative - Dovercourt Recycling CentreFixed Term, Full Time£25,081 per annumLocation
Recruiter: Essex County Council

Highways Maintenance Manager

£49,764 - £53,817 per annum
We are looking for an experienced co-ordinator to join the team as a Highways Maintenance Manager Skipton, North Yorkshire
Recruiter: North Yorkshire Council

Civil Enforcement Officer

£25,183 - £26,409
Are you looking for a role that allows you to earn whilst been outdoors across the district of North Yorkshire? Whitby, North Yorkshire
Recruiter: North Yorkshire Council

Civil Enforcement Officer

£25,183 - £26,409
Are you looking for a role that allows you to earn whilst been outdoors across the district of North Yorkshire? Northallerton, North Yorkshire
Recruiter: North Yorkshire Council

Senior Street Cleansing Technician (CDC)

Grade 6, £25,175 - £25,983 (Pay award pending) + 6% AIA
We are about to embark on an ambitious programme of change in our city centre Doncaster, South Yorkshire
Recruiter: City Of Doncaster Council

Highways Improvement Manager

£49,764 - £53,817 per annum
Would you like to be part of our friendly, supportive, Highways team? Scarborough, North Yorkshire
Recruiter: North Yorkshire Council

UGO Bus Driver

Up to £25081.00 per annum
UGO Bus DriverPermanent, Part TimeUp to £25,081 per annum (full time equivalent)Location
Recruiter: Essex County Council

Highways Officer

£33,366 - £37,035 per annum
We are seeking to recruit a Highways Officer based at our Highways Office in Whitby. Whitby, North Yorkshire
Recruiter: North Yorkshire Council

Project Engineer - Forward Programmes

Grade 11 £38,629 - £41,928 per annum (Pay Award Pending)
At Derbyshire, we have been on a journey to transform the way we deliver highway services Derbyshire
Recruiter: Derbyshire County Council

Head of Highways Operations

Salary
Somerset Council
Recruiter: Somerset Council
SUBSCRIBE NOW

Latest Video

Subscribe to Highways today to ensure you keep your finger on the pulse of everything happening in the UK road network throughout the year.

SUBSCRIBE NOW