The UK has moved into the top 10 countries for infrastructure investment, according to research.
Consultancy Arcadis ranked the UK as the 10th most attractive place to invest in projects in the transport, communication and energy sectors.
Its Global Infrastructure Investment Index is based on five key indicators – strength of economy; business environment; risk; quality of existing infrastructure; and financial factors.
Singapore was found to be the most attractive market in the world for the second year running. Qatar remained second, while the United Arab Emirates replaced Canada in third.
The UK was up three places on the back of an improving economy, but the report warned that funding was urgently required to replace ageing infrastructure.
Arcadis global director of infrastructure Rob Mooren said: “Good infrastructure is important for the long-term economic development of a country.
“By encouraging private finance into infrastructure, governments can remain globally competitive and meet their social and economic objectives.”