PROJECT DELAYS AND CANCELLATIONS FROM 2015/16 WILL SEE A CUMULATIVE £35BN OF MISSED GDP BY 2020 What will be the cost to the British economy if this pattern of delays continues?
THE SPIRALLING COST OF INDECISION Arcadis, with the Centre for Economics and Business Research (Cebr), has explored the impact of ongoing delays and cancellations on the UK’s infrastructure spending. A mere one-month average delay in the transport infrastructure pipeline will see the UK economy miss out on around £2 billion of GDP over the next five years. This is equivalent to £48,425 for every minute of delay.
What can be done to keep costs on track? Infrastructure owners and industry need to work together to deliver on these commitments The Government needs to send a clear message to the world that the UK is open for business by progressing vital infrastructure projects at the earliest opportunity
The National Infrastructure Commission (NIC) is crucial to getting things moving; failure to give the NIC statutory powers to oversee and co-ordinate key projects will be akin to going into battle with a wooden spoon. Find out more and read our analysis at: www.arcadis.com/infraresearch16
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Arcadis United Kingdom