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Civils firms to invest on back of Infrastructure Bill pledge

Civils firms are ready to invest in staff after the government announced it would reform roads investment in the next 11 months.

The Queen’s Speech this morning outlined the coalition’s plans to put the Infrastructure Bill – including legislation to give longer-term visibility of highways spending – through Parliament before the next general election.

Nick Baveystock, director-general of professional body the Institution of Civil Engineers, said: “Transforming the Highway’s Agency into a government-owned company will facilitate a welcome shift away from the costly and inefficient stop-start pattern of investment that has plagued the development and operation of our road network.

“We have urged government to reinforce its commitment to these reforms by ensuring the legislation that underpins the changes is passed swiftly, and it has responded. 

“With this assurance, industry will be able to step up and respond to the greater visibility and funding certainty, by investing more in developing its people and capabilities.

“I have every confidence it is ready to respond to this opportunity and ICE, with other industry bodies, is working to catalyse and co-ordinate efforts to drive such a response.”

Do you expect your company to invest in the wake of the Queen’s Speech? Let us know in the comments box below.

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