It may only be the first week for the new UK government but construction is clearly high on the agenda. Skanska UK’s President & CEO Katrina Dowding met the Chancellor today to discuss the challenges and opportunities for our sector.
Today I’ve been to No 11 Downing Street to meet with the new Chancellor of the Exchequer, Rachel Reeves, and take part in an important discussion about how we tackle the challenges in infrastructure investment and the planning process.
It is welcome to hear that the new government want to provide more commitment, clarity and certainty for the construction sector as a whole and remove the risk of more public sector project delays that have far-reaching impacts on our industry.
In addition to this, alongside 12 other Tier 1 contractors, Skanska UK is supporting Blueprint for Growth, which outlines in detail the actions needed to secure reliable investment, efficient policy and planning processes and provide visibility of a secure pipeline. Read more here: https://lnkd.in/e53Fkz_D
It was also very good to see both Nrs 10 & 11 showing their support for the England team on Sunday!
Skanska
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.
Infrastructure investment drives national and local economic growth, shapes sustainable communities, and provides skills and jobs across the country.
Improving the pathway for project delivery to unlock these benefits will undoubtedly be a top priority for any future government, and today Balfour Beatty plc - alongside 12 of the UK’s largest construction and infrastructure companies, including AtkinsRéalis - have put forward a Blueprint for Growth to support that aim.
This joint Blueprint sets out recommendations to create the best conditions for infrastructure delivery, from stability and certainty in infrastructure policy to streamlining consenting processes and measures that will strengthen skills and capability across the supply chain.
It also represents a collective commitment from our industry to collaborate and help to pick up the pace of delivery and drive sustainable economic growth across the UK.
You can read more here: https://lnkd.in/esNQqjDw#infrastructure#construction#collaboration
Today, together with UK’s leading infrastructure and construction businesses, BAM shares a Blueprint for Growth. A clear collective ask to the future government to align on 12 key areas, critical to allowing us to create the jobs of tomorrow and building a sustainable and brighter future for the UK.
The construction sector is fundamental to driving economic growth, by creating 100,000s of jobs, driving down our reliance on fossil fuels and delivering the significantly important infrastructure our people and communities need to thrive.
These recommendations sets out a clear roadmap ensuring stability, continuity, certainty, and a steady flow of investment in infrastructure crucial to building a sustainable and brighter future for the UK.
👉Read more here: https://lnkd.in/ezbNrNRfAtkinsRéalis | Balfour Beatty plc | Costain Group PLC | Galliford Try | Laing O'Rourke | Mace | Mott MacDonald | VINCI Construction | VolkerWessels | WSP in the UK#Construction#Infrastructure#Sustainability#MakingPossible
First and foremost, I have had the pleasure of working for Mark and with the Mace team for the last 10 years, helping to improve productivity in construction and i have nothing but respect for Mark and what he and Mace have achieved, however, our Industry and infastructure challenges are much bigger than this, how this article reads isnt the solution. Today we seem to constantly treat the symptom and not the root cause, why? I believe this is imperically linked to how we now measure success. That is short term, not long term. large infastructure projects take years to complete, any one remember Hs2 the NHS, our rail network, highways etc? to name a few. all will take in excess of 5 years. Our political process/system no longer suits our needs. we need to establish how we fund, plan, prioritise, execute and the most important element for success COLLABORATE to successfully deliver these projects. This will take years of investment and development of our people and skills to satisfy demand. this development needs to include the fundamentals of, lets just call it a "better way" as we all know in construction were fed up with being preached to about the Toyota way! So back to the collaboration word this means agreement between each political party, so that when theyre voted into government every 4/5 years, we dont change what actually was a great plan, it just didnt tick the boxes on the short term measures. So the answer is Politicians need to change, have a good look in the mirror and actually look at the long term goals, the bigger picture, whats actually important and best for the people and the country. Change the process, plan for long term, sustainable improvement for the next generation no matter which party is in government.
Just sayin.
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Mace and Skanska chiefs to work on Labour infrastructure review
Mace chief executive Mark Reynolds is set to play a key role in a Labour-led review of major UK infrastructure projects. The former London 2012 delivery chief will sit on a panel of experts advising on the probe into ways of slashing the time and…
https://lnkd.in/epjb9YCb
Eiffage sees ‘significant growth’ in 2023
France-based Eiffage, a construction and concession company, reported a net profit group share increase of 13% on a 7.4% rise in profitability
The results report said it was “another year of significant growth” for the group’s contracting and concession segments.
Eiffage said it increased its recurring operating income by 8.6% while noting debt reduction and cash flow generation at €2.3 billion (US$2.5 billion), which is roughly 22% higher than the same point last year.
In the report notes, the company said European activities were a big driver of 2023’s success.
“In contracting, revenue grew 7.1% (more than 5.8% like for like) to nearly $19.7 billion, driven by the activity of the group’s European entities (more than 16.5% growth in Europe outside France),” said Eiffage.
Construction revenue took a dip, mostly on a slower real estate market, but Eiffage said residential building, civic, and industrial builds in its home country helped offset a sluggish year, overall.
“Revenue was down 2.3% to $4.6 billion,” stated the group. “The decline in new housing in France was partially offset by residential and tertiary renovations, the construction of public facilities, and industrial investment.”
The company reported a $5.5 billion order book for construction activities as of the end of last year.
As for infrastructure, the company reported a revenue increase of nearly 10% (worth approximately $8.7 billion). Eiffage saw a roughly 23% increase in international revenue last year. Reporting on the infrastructure division the comapny said that it, “continues to benefit from strong activity on the HS2 high-speed rail line in the United Kingdom and the E18 motorway in Norway, positive momentum in the transport infrastructure market in Germany, and the boom in offshore wind.”
The order book by the end of last year was $15.6 billion for infrastructure projects while the energy system division reported more than an 11% increase with an order book of $7 billion.
For more information on the Construction, Mining Equipment and Allied Industries, please reach us at www.equipmenttimes.inRamamurthy MayavanPhilip Varghese#constructionequipment#constructionmachinery#equipment#manufacturing#residentialbuilding#transport#energysystems
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Reducing Risk in Transit Projects
Please join the The Canadian Council for Public-Private Partnerships Partnerships on Thursday, February 29 for Reducing Risk in Transit Projects, a breakfast event launching this new report by the Future of Infrastructure Group hosted by CCPPP.
The event will include a presentation on the report's findings by John Allen, Executive Director, Future of Infrastructure Group, followed by a panel of transit project experts moderated by CCPPP's Lisa Mitchell. The panelists are: Corina Moore, Executive Vice President, Transportation & Infrastructure, WSP; Chris Phillips, Senior Vice President, Project Delivery (LRTs), Infrastructure Ontario; and Tim Shepherd, Alliance Director, Union Station Enhancement Project, Kiewit.
Canada is investing record amounts into transit projects with most major cities across the country having at least one rail line in planning or construction. Transit projects are large and complex with many uncertainties and unknowns, and large networks of interrelated responsibilities all relying on each other to be successful. This adds up to significant project risk. Unclear, unmanaged, or misallocated risk can add significant costs and delay project completion.
The report includes a series of recommendations based on experiences from projects across Canada that are using different processes and tools to understand and tackle risk at every stage to support better project outcomes.
#esricanada#esri#transportation#p3
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📢 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗖𝗮𝗹𝗹𝘀 𝗳𝗼𝗿 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗜𝗻𝗽𝘂𝘁 𝗼𝗻 𝗙𝘂𝘁𝘂𝗿𝗲 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗣𝗹𝗮𝗻 🏗️
In a significant move, Treasury chief John Glen is inviting the construction sector to help 𝘀𝗵𝗮𝗽𝗲 𝘁𝗵𝗲 𝗨𝗞’𝘀 𝗻𝗲𝘅𝘁 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗽𝗹𝗮𝗻. This collaboration aims to ensure that future projects are not only innovative but also aligned with the country’s long-term growth and sustainability goals.
Now is the time for industry leaders, engineers, and planners to bring forward ideas that can drive economic development and create resilient, future-proof infrastructure. Let’s seize this opportunity to contribute to a plan that will define the UK's landscape for generations to come.
#InfrastructurePlan#UKConstruction#SustainableDevelopment#EconomicGrowth#IndustryCollaboration#ConstructionInnovation
For more details, check out the full article
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