Turner & Townsend has appointed Murray Rowden as its new managing director for North America. In addition to his new job, Rowden (pictured) will continue to hold the role of global head of infrastructure at the consultant. Rowden has helped double infrastructure revenue from £59m to £123m in the past five years, the firm said....
Category: Infra
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Major UK city skyline transformed by incredible £90m infrastructure project
An award-winning construction firm has completed a £90 million home-building project which has transformed a city skyline – and is now bringing in £1 million in council tax and business rates. A swish 500-apartment project built on former wasteland in Liverpool is now fully occupied by residents and was recently voted one of Britain’s coolest...
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New analysis by leading economists concludes that UK government should increase sustainable public investment by £26 billion a year to boost growth and productivity – Grantham Research Institute on climate change and the environment
The UK Government should increase annual public investment by the equivalent of about 1% of GDP, or £26 billion at current prices, in tackling climate change, biodiversity loss and environmental degradation to improve productivity and economic growth, according to a new report today (22 January 2024) by Professor Lord Nicholas Stern and other leading experts...
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3i Infrastructure’s Future Biogas acquires majority stake in biogas portfolio
3i Infrastructure, via its Future Biogas subsidiary, is acquiring a 51% stake in a portfolio of six gas-to-grid anaerobic digestion (AD) facilities from JLEN Environmental Assets Group, in a deal worth £68.1m. The transaction is being funded by 3i Infrastructure, which is investing £30m, with the balance funded by Future Biogas from committed debt facilities. JLEN will...
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LPPI says replicating ‘Canadian model’ could unlock £16bn for infrastructure
Last week, the UK’s chancellor, Rachel Reeves, announced the government’s intention to replicate the “Canadian model” for local government pension schemes (LGPS), which could unlock a significant investment in UK infrastructure investment. However, Local Pensions Partnership Investments (LPPI) – the asset manager for investment pool Local Pensions Partnership (LPP) – and the Pension Insurance Corporation (PIC) have...
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Bandwidth boost for 70,000 homes and businesses as UK Government vows to fix broadband divide in Wales
First UK Government contract signed in Wales under monumental new deal to end plight of poor broadband, as the nation records lowest levels of gigabit connectivity UK Government to make around £170 million available to deliver digital infrastructure fit for the future and ensure rural businesses can thrive in Wales Deal struck with Openreach will...
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Watford ranks among UK’s top 10 for electric vehicle charging devices – www.watford.gov.uk
Watford has once again achieved a prominent position in the UK’s top 10 for charging devices per 100,000 population… This milestone underscores the town’s commitment to sustainable transportation and its robust electric vehicle (EV) infrastructure. The significant progress in Watford’s EV infrastructure is a result of three successful funding bids by Watford Borough Council under the...
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London Power Tunnels: Wimbledon to Crayford section switched on
National Grid The new energy infrastructure is part of a project to build more than 18 miles of tunnels under London New electricity transmission circuits built under London have been switched on as part of a £1bn project to rewire south London via underground tunnels. One and a half miles (2.5km) of high voltage network...
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Infrastructure trusts in ‘uncharted territory’
Infrastructure trusts can no longer invest just in government-backed assets in the UK The “handing back” of expiring projects is likely to be a delicate phase Infrastructure trusts are facing a “complex and time-consuming” process of handing back assets to the government, as a number of the projects they invest in approach their expiry date....
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Huge new transport £1.7billion infrastructure project in London given major push
A new transport project has been given a major boost in the capital. A Transport for London public consultation has found that the majority of respondents support plans to extend the DLR to a long-overlooked area. TfL announced that, following the positive feedback from the survey, it would start developing the business case for adding...
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UK issued urgent energy warning as ‘biggest threat’ pinpointed
The UK is not fully prepared for the threats facing its energy infrastructure, experts have warned. Hostile states, cyber attacks and climate change are among the risks to turbines, undersea cables and pylons. The Nord Stream 1 and 2 gas pipelines in Swedish and Danish were allegedly sabotaged by Russia in a series of blasts...
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Rachel Reeves scrapping infrastructure projects is ‘extremely short-sighted’
Infrastructure assets offer a stable five to six percent return over their long lifetime, (Image: Getty) Rachel Reeves is expected to announce cuts and delays to major infrastructure projects as part of the Labour Government’s efforts to plug a £20billion black hole in Britain’s finances. Ministers have suggested their economic inheritance is worse than expected,...