Leading think tank Policy Exchange estimates that renewing Britain’s infrastructure will cost £500 billion by 2020. It'll be a huge challenge for both the new Government and for industry.
The Government’s National Infrastructure Plan sees £200bn investment over the next 5 years and focuses on how to improve the environment for all sectors – government, regulated entities and global investors – to invest in economic infrastructure. Government, infrastructure companies and investors will need to apply their expertise more to estimating and forecasting, risk management and governance. They'll also need to put the right people and systems in place to if the assets are to deliver value throughout their lives.