Transport and infrastructure
Contributors
What do president Donald Trump, chancellor Philip Hammond and premier Li Keqiang all have in common? The answer does not relate to hairstyles but infrastructure – all have highlighted enhanced national infrastructure as key to bolstering their economies against the threat of slowing global growth. And they are not alone – the Word Economic Forum estimates the shortfall in global infrastructure investment to be at least $1trn per year.
The infrastructure challenges in each country are different. If we look at the UK, I see four main challenges to the government’s ability to deliver on its infrastructure agenda – what I call the 4Ps: pipeline, planning, private finance and procurement. So what are these challenges and what should the government do to meet them?
