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Today I participated in the UK Infrastructure Summit 2011 on a panel alongside the Chairman of Arup Transport, the President of the ICE and former RIBA President . The event provided a platform to debate on the way forward for the Infrastructure Cost Review and recognised the issues raised by the report. But the challenge to us as a panel was whether this was actually old news and that there was likely to be no substantive shift in the way infrastructure is programmed, financed and delivered in the UK?
The consensus was that the starting point for reform must come from the programme commissioners – the clients – and that a cultural and behavioural shift was required to realise the minimum 15% savings. So considering that nearly 80% of infrastructure finance is coming from the private sector, by way of inward investment, without doubt the changes are essential to make the funding of UK Infrastructure bankable, but as an industry can we achieve the required step change?
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