Editor In Chief- EQUIPMENT TIMES’ Post

Infrastructure firms outline Blueprint for Growth A dozen large infrastructure and construction contractors and consultants in the UK have published their Blueprint for Growth, which includes 12 recommendations for a future government. Launched during the general election campaign, AtkinsRéalis, Balfour Beatty plc, BAM UK & Ireland, Costain Group PLC, Galliford Try, Laing O'Rourke, Mace, Morgan Sindall Construction, Mott MacDonald, Eurovia and VINCI, and VolkerWessels UK, have outlined what they believe is needed to boost economic growth and productivity. Collectively the firms employ more than 100,000 people across the UK and represent £25bn in UK revenue, which can be multiplied three-fold when considering greater supply chain and community benefits. Read more on the Transport + Energy website: https://lnkd.in/eX2NesSd #transport #energy

Infrastructure’s 12-point plan to boost economic growth and productivity. A dozen Tier One UK infrastructure and construction contractors and consultants have published their Blueprint for Growth, sharing 12 recommendations that the future government should implement to boost the UK’s economic growth and productivity. The asks include depoliticising infrastructure, appointing a Cabinet Minister responsible for infrastructure along with greater certainty in planning, better budgeting, spending continuity, and supporting skills and capability. Blueprint for Growth is signed by the chief executives of AtkinsRéalis, Balfour Beatty plc, BAM UK & Ireland, Costain Group PLC, Galliford Try, Laing O'Rourke, Mace, Morgan Sindall Construction, Mott MacDonald, VINCI, VolkerWessels UK and WSP in the UK. Collectively the signatories directly employ nearly 100,000 people across the UK and representing £25 billion of UK revenue meaning their collective asks represent a significant portion of the UK infrastructure and construction industry. Within the plan they pledge to collaborate with policymakers, industry stakeholders, and government agencies to help develop their recommendations and “realise our shared vision of a thriving infrastructure sector which continues to drive sustainable growth, create jobs, and build a brighter future for the UK”. Blueprint for Growth argues for... Find out more 👉 https://buff.ly/3KzvDNw #construction #infrastructure #growth #constructionindustry

📌 Ferrovial reported $1,072 million in Adjusted EBITDA in 2023, 40.6% more than the previous year in like-for-like growth terms. Revenue increased by 13.2% in comparable terms to $9,207 million and the company obtained $497 million in net profit. All business divisions achieved positive performance. Infrastructure projects generated $801 million in dividends, a 56% year-on-year increase. The biggest contributors were 407 ETR ($304 million) and the Texas Managed Lanes ($429 million). This figure includes $271 million from the first year of distribution by NTE 35W. The Construction order book reached an all-time high, ending the year at $17,256 million, excluding approximately $2,097 million in pre-awarded contracts. Milestones and key data from 2023 include: ✅ We were awarded twelve construction projects worth more than $1,265 million to upgrade roads in Texas and Florida. ✅ We inaugurated the third segment of the NTE 35W in June 2023, three months ahead of schedule. ✅ The North Tarrant Express (NTE) toll road reached financial close on over $400 million for capacity improvements. You can find further information regarding the #FerrovialResults2023 here: https://lnkd.in/dZmtANMm

In 2024, the infrastructure sector is experiencing favorable developments, particularly by the progress of the Infrastructure Investment and Jobs Act. With a significant portion of funds already allocated, there is a notable increase in projects related to roads and bridges. The industry is shifting towards a more collaborative approach. 🌉 Here are some trends to look out for in 2024 - What are a you expecting to see this year? 🌉 AGS Associates #infrastructure #roadconstruction #heavycivil #2024trends

Annual #FerrovialResults2023 showed an adjusted EBITDA of EUR 991 million (+40.6% like-for-like growth) thanks to a higher contribution from Toll Roads (+48.3% LfL growth), particularly in US, along with greater contribution from Construction (+19.6% LfL growth). Revenue increased by 13.2% in comparable terms to €8,514 million, obtaining €460 million in net profit, on the back of higher Toll Roads revenues (+42.1% LfL growth) and Construction (+9.9% LfL growth). All business divisions achieved positive performance, with a record order book in Construction of €15,632 million. Ferrovial maintained a sound financial position, with strong ex-infrastructure liquidity amounting to €5,387 million.

📌 Ferrovial reported €991 million in Adjusted EBITDA in 2023, 40.6% more than the previous year in like-for-like growth terms. Revenue increased by 13.2% in comparable terms to €8,514 million and the company obtained €460 million in net profit. All business divisions achieved positive performance.   Infrastructure projects generated €741 million in dividends, a 56% year-on-year increase. The biggest contributors were 407 ETR (€281 million) and the Texas Managed Lanes (€397 million). This figure includes €251 million from the first year of distribution by NTE 35W.  The Construction order book reached an all-time high, ending the year at €15,632 million, excluding approximately €1,900 million in pre-awarded contracts. Key milestones included:  ✅ Ferrovial reached an agreement in November to sell its entire stake (around 25%) in FGP Topco, parent company of Heathrow Airport Holdings Ltd., for £2,368 million (€2,744). ✅ Ferrovial was awarded twelve construction projects worth more than $1,265 million to upgrade roads in Texas and Florida. ✅ In Spain, the company is now part of two consortiums: 1. To improve and extend Catalonia's commuter rail system for €300 million.   2. To build the new R2 commuter railway line and a new underground station in Montcada i Reixac (Barcelona) worth €540.4 million.    ✅ The company achieved simultaneous listing of its shares in Spain and the Netherlands.    You can find further information regarding the #FerrovialResults2023 here:https://lnkd.in/d6VnVUcZ

Infrastructure Developments and Investments in the UK

🚧 UK Construction Sector Hits Fastest Growth in 2 Years! 🚧 September saw a major boost in UK construction, with growth surging to its highest since early 2022! The PMI jumped to 57.2, fueled by: 🔸 Strong housebuilding – Fastest growth since March 2022 🔸 Civil engineering boom – Driven by renewable energy infrastructure 🔸 Commercial projects – Lower borrowing costs, more spending But keep an eye on rising material costs and inflation risks. It’s a positive momentum, but sustained investment will be key for continued recovery. #ConstructionGrowth #UKEconomy #Infrastructure #Housebuilding #NFB #trusttheguild

This may be their second most important project. The first is to sort out how the Cabinet Office adapts to managing cross-departmental projects to get good value and deliver what the economy and electors actually want, ie productive investment, the NHS and not persecuting refugees.

The newly published National Infrastructure and Construction Pipeline (NICP) projects a £775bn total investment in UK infrastructure over the next decade. Energy and transport sectors are primed to receive over 70% of this investment, with water and sewerage predicted to fall behind. The NICP, accompanied by analysis from the Infrastructure and Projects Authority (IPA), outlines £379bn in confirmed expenditure by 2024/25. Projects span across seven sectors, highlighted by 94 energy-related and 128 transport projects. Further planning will be influenced by future government spending reviews. Additionally, raw data analysis suggests potential infrastructure investment surpassing £1trillion over the coming decade. Despite a backdrop of economic uncertainty, the IPA affirms a robust resolve for infrastructure development in key sectors to stimulate growth, catalyse innovation, and boost UK construction sector productivity.