Budget busters: What lies ahead for infrastructure?

network rail HS2 high speed shutterstock_143120521CMYK

Crossrail, Hinkley Point and HS2 would all make great subjects for a soap opera – and there are more cliffhangers to come. Then there’s the Westminster saga, with its “season finale” election next month. Jordan Marshall asks what this means for future infrastructure work and the companies that bid for ...

Infrastructure has become something of a dirty word in recent months, with big-name projects HS2, Crossrail and Hinkley Point C causing headaches for the government and construction industry alike. HS2 is now expected to be years late and tens of billions of pounds over budget, assuming it goes ahead, while Crossrail is going to need even more cash and will not open next year. Hinkley Point has bust its budget by billions – and the fact that the nuclear power station is privately funded is both a blessing and a curse for government, which increasingly wants to attract private investors to fund projects such as Crossrail 2 and the expansion of Heathrow. 

Read more…

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community