Pre-Budget Report 2009 - "Infrastructure UK" should deliver more bang for the public buck
Richard Threlfall, UK head of infrastructure and projects at KPMG, comments on the Chancellor's announcement to create Infrastructure UK:
Wednesday, 9 December 2009
"This is a welcome step that will hopefully target much needed investment in the country's infrastructure and therefore in its economic future. As we are heading into a period of significant austerity, it is even more critical to invest in our long-term energy supply, our transport networks, our schools and hospitals in order to ensure the competitiveness of the UK. Much of the necessary funding will come from the private sector and we hope the new body will help to facilitate investment into new infrastructure projects. We need better prioritization of projects, quicker and more efficient delivery and in general more bang for the public buck. Hopefully Infrastructure UK can get a real grip on the UK infrastructure programme and help driving it forward.”
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About KPMG: KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with 11,500 partners and staff. The UK firm recorded a turnover of €2.2 billion in the year ended September 2008. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 148 countries and have more than 113,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. KPMG International provides no client services.