New government body begins work
The newly formed government body, Infrastructure and Projects Authority, started work this week and will provide expert support for the government’s major economic projects.
Coming into force on 1st January, the Infrastructure and Projects Authority brings together the two existing bodies, Infrastructure UK (IUK) and the Major Projects Authority (MPA).
Jointly these authorities will provide financing, delivery and assurance of projects that range from large scale infrastructure projects such as Crossrail and the Thames Tideway Tunnel to major transformation programmes such as Universal Credit.
The organisation reports jointly to the Chancellor and Minister for the Cabinet Office. Its chief executive is Tony Meggs, who was previously the chief executive of the MPA.
The Chancellor George Osborne said: “Bringing together Infrastructure UK and the Major Projects Authority and creating the new National Infrastructure Commission is the next step in our plan to make sure we no longer trail our rivals when it comes to building the vital infrastructure our economy needs.”
The Minister for the Cabinet Office, Matt Hancock said: "Having one organisation to ensure the effective delivery of such vital Government projects makes perfect sense.
“It will bring together project expertise, with funding authority, to challenge and support projects that will benefit the British economy and benefit taxpayers.”