New body to 바카라 사이트済et a grip바카라 사이트� on infrastructure delays
In speech at Skanska's national HQ, Chief Secretary to the Treasury sets out vision for the future of the country바카라 사이트檚 infrastructure.
- Chief Secretary Darren Jones聽sets out聽plan for Britain바카라 사이트檚 infrastructure to restore investor confidence.
- New body will help 바카라 사이트済et a grip바카라 사이트� on the delays to infrastructure development.
- 바카라 사이트 also sets out first national infrastructure strategy just days before global investors arrive in the UK for the International Investment Summit.聽
The cycle of underinvestment and instability that has plagued the UK바카라 사이트檚 infrastructure systems for over a decade is to come to an end, with the Chief Secretary to the Treasury, Darren Jones, outlining new plans to break this cycle and deliver a decade of national renewal to power growth across the country.
In a speech at Skanska바카라 사이트檚 national HQ - one of the world바카라 사이트檚 largest construction companies - the Chief Secretary to the Treasury Darren Jones聽today (Thursday 10 October) set out his vision for the future of the country바카라 사이트檚 infrastructure.
The Chief Secretary聽announced聽a new National Infrastructure and Service Transformation Authority (NISTA), which will look to fix the foundations of our infrastructure system by bringing infrastructure strategy and delivery together addressing the systemic delivery challenges that have stunted growth for decades.
The Chief Secretary聽warned聽that investor confidence has been shaken by a cycle of underinvestment and instability that has plagued the UK바카라 사이트檚 infrastructure바카라 사이트檚 systems, with statistics showing that the UK has historically ranked lowest among the G7 for investment, alongside the lowest public capital stock in the G7, 15% below its average.
The Chief Secretary聽also聽said聽infrastructure is the very lifeblood of the country바카라 사이트檚 economy, and that through it, working people are better connected with the opportunities they need, businesses can find the top talent they need, and Britain is better linked to the rest of the world.
Darren Jones, Chief Secretary to the Treasury said:
This new body will get a grip on the delays to infrastructure delivery that have plagued our global reputation with investors. It will restore the confidence of businesses to invest and help break the cycle of low growth.
NISTA will bring a much-needed oversight of strategy and delivery under one roof, supporting the development and implementation of the ten-year infrastructure strategy in conjunction with industry, while driving more effective delivery of infrastructure across the country.
He聽also聽stressed聽the urgent need to speed up the delivery of major infrastructure with a powerful national strategy, noting that this will help provide the stability required to help ensure private sector confidence and achieve better sustained economic growth.
The Chief Secretary聽confirmed聽the 바카라 사이트바카라 사이트檚 objectives, priorities, and vision of the nation바카라 사이트檚 infrastructure over the next decade through a ten-year infrastructure strategy, for the first time since coming into power. The speech comes just days ahead of the International Investment Summit聽on 14 October聽which will bring the world바카라 사이트檚 biggest businesses and investors to the UK to hear about the country바카라 사이트檚 economic strengths and investment potential.聽
The National Infrastructure Commission will also today publish an independent report into the systemic issues in the UK that have historically increased the cost of delivering major infrastructures. The report will point to a debilitating lack of strategic clarity as a root cause, that has increased the delay of decisions for national infrastructure by up to 65% since 2012.
Also confirmed today is the extension of Sir John Armitt바카라 사이트檚 role as Chair of the National Infrastructure Commission to continue to provide the stability and expertise needed to support the 바카라 사이트 in developing the ten-year infrastructure strategy.