APM welcomes the National Infrastructure Commission
Posted by APM on 5th Oct 2015
Today, the Chancellor of the Exchequer George Osborne MP announced he wanted “to shake Britain out of its inertia on the projects that matter most.”
He has established “an independent National Infrastructure Commission, set up in law, free from party arguments, which works out, calmly and dispassionately what the country needs to build for its future, and holds any Government’s feet to the fire if it fails to deliver.”
He gave examples of the tasks which he has set the Commission.
These were: working with Northern councils on High Speed 3, working with London on the next big public transport projects after Crossrail and how we are going to fund them, and how we are going to make sure Britain has the energy supplies it needs.
In addition to the National Infrastructure Commission, the Chancellor announced that six new £25bn British Wealth Funds for infrastructure investment would be created from the assets of 89 local government pension funds in England and Wales.
Only 0.5% of their £180bn assets are currently invested in infrastructure projects. He also said changes to the planning regime would help release brownfield sites.
The Commission has been set up under the chairmanship of Lord Adonis (pictured left).
As Secretary of State for Transport in the previous Government, Lord Adonis oversaw the planning for High Speed 2 (HS2) and the electrification of railways in the West and North West of England. This direct experience of large scale projects will prove very valuable in his new role.
Commenting on the Chancellor’s announcement, APM chairman Steve Wake said: “Project management will be crucial in delivering the infrastructure Britain needs.
"APM welcomes Lord Adonis to his role and stands ready to help the National Infrastructure Commission.
"Project managers will help Britain build.”