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ICE welcomes call for new funding model

Political think-tank Policy Exchange last week lent support to the ICE’s own calls for a new model to finance the upgrade and ongoing maintenance of the nation’s critical infrastructure.

Its report − Delivering a 21st Century Infrastructure for Britain − highlights the need for further and continued investment in infrastructure to meet future demands.

The report proposes a number of methods to finance infrastructure, including an alternative funding model in the form of a national infrastructure bank, to help prioritise and fund new projects.

ICE director general Tom Foulkes said it was encouraging to see ICE’s recommendations being echoed by other bodies.

“Long-term underinvestment in our infrastructure has made it weak and this now threatens Britain’s global economic competitiveness as well as the well being of society.”

Tom Foulkes

“We very much welcome the call for further investment in national infrastructure. Long-term underinvestment in our infrastructure has made it weak and this now threatens Britain’s global economic competitiveness as well as the well being of society.

“In particular, the establishment of an alternative funding model to help finance infrastructure is crucial and we fully support the proposal for a national infrastructure bank.”

Policy Exchange estimates that to improve energy, transport, waste and water networks to the level needed to secure the UK’s continued global competitiveness and growth, investment to the value of £500bn will be needed by 2020.

Readers' comments (2)

  • If the UK government pulled the army out of afghanistan and help avoid the deaths of 213 soldiers(so far to date - an average of 3 per week)) and let USA sort out its own invasion of that country, it would more than pay the £500bn now, well before 2020.The cost of this illegal invasion by USA at present costs UK well in excess of £500bn. Money and lives being unnecessarily lost and wasted by PM Gordon Brown and his government.
    Also don't forget the £100bn+ of taxpayers money PM Brown, Darling & company have spent on bailing out the banks and other fat cats !!! What a shame and waste of public money !!!

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  • I agree with everything John Glenn says. The recent "elections" show that we have no business supporting such a corrupt system

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