Gwinnett County Government’s Post

Autumn budget – what’s your prediction? UK Budget 2024: What’s in Store for Major Infrastructure Projects? With the UK budget around the corner, there’s a lot of speculation about what will be announced, especially in the world of infrastructure. Here’s a rundown of what we might expect. #transport #infrastructure #budget2024 https://lnkd.in/ecAxmbJg

Ahead of the government’s Autumn budget later this week, Our UK Managing Director of Infrastructure, James Corrigan, discusses some of the industry’s expectations and the important role of private-public partnerships with Partnerships Bulletin.  James recognises that ‘the industry is not expecting large changes to infrastructure spending from this Budget. Rather, its significance is as a moment for the government to signal its direction of travel.’  Adding: “While there are rumours of changes to lift borrowing rules, government alone cannot close the forecast £700bn gap in infrastructure funding by 2040. The signals sent at the Budget will be a key test indicating how the government will establish the right relationship with the private sector to spur investment.” Read more: https://bit.ly/4eYnLmw #infrastructure #PPP #PartnershipsBulletin #PrivateFinance 

Ahead of the Autumn budget, the UK government is contemplating re-engaging with the PPP concept, signaling a potential shift in infrastructure delivery. Getting the relationship between the public sector and private sector right is crucial to successful delivery of the infrastructure delivery gap. #infrastructure #turner&townsend #PPP #Privatefinance #delivery

📢 Budget Updates: Road Projects and Value-for-Money Decisions Yesterday’s budget announced the cancellation of five major road schemes, totaling £1.3 billion, as the government shifts focus toward high-value returns on infrastructure. Projects affected include: - The A259 Bognor to Littlehampton upgrade - The A38 Derby junctions improvement - The A5036 Port of Liverpool access route - The A1 Northumberland upgrade - The A5 Towcester bypass 🚧 What are your thoughts on the impact of these cuts? Should the government prioritise other infrastructure, or invest in alternative transport solutions? Let me know below 👇

As part of President Biden’s Fiscal Year (FY) 2025 budget, the U.S. Department of Transportation (USDOT) has recommended 14 large transit projects in 11 states receive nearly $4 billion in federal support through the Federal Transit Administration’s (FTA) Capital Investment Grants (CIG) and Expedited Project Delivery (EPD) Pilot programs. The subway systems, commuter rail, light rail, streetcar and bus rapid transit (BRT) projects will bring about transformative change in their communities by providing transit opportunities to new riders, creating jobs and jumpstarting economic development. See all the details of the projects funded in the attached article: https://lnkd.in/eNQqmY6B

Railfuture endorses the Rail Industry Association budget submission and more specifically makes the following points: 1. We recognise that the focus of the Restoring Your Railway scheme on reconnecting isolated communities would not have created the scale of economic growth needed. Much of the housing, research, industrial and distribution development needed to draw in private investment can be made around existing stations and rail connections, but not all. There are locations where public investment in rail infrastructure and services will be required to enable that development. The Rail and Urban Transport report by Juergen Maier points the way forward. 2. Management of rail operating cost and revenue must be brought back together so that effective business decisions can be made to minimise subsidy by the taxpayer. 3. Road User Charging is already effectively in place through fuel duty. A mechanism is required to extend road user charging to electric vehicles and to charge vehicles according to the wear they impose on the road surface. This will prompt users to make transport mode decisions according to the real cost and reduce the requirement for more capital investment in roads. 4. A strategic vision and consistent flow of investment funding is necessary to minimise capital costs. This is particularly true for the electrification needed to decarbonise the railway. 5. To realise the economic benefits of current investment in HS2, Euston station and tunnels must be completed, and land purchased for HS2 phase 2 should be retained for future development of the route, not sold.

Budget REACTION: East West Rail puts electrification plans out for consultation after Chancellor confirms support for project in Budget. PLANS for electrification along certain parts of the East West Railway Company line linking Oxford and Bedford via Milton Keynes and on to Cambridge are among proposals to be out for consultation from November. The ten-week non-statutory consultation will run from November 14 until January 24. EWR Co has confirmed its preference for green traction power in the form of discontinuous electrification with hybrid battery-electric trains, after the Chancellor of the Exchequer Rachel Reeves confirmed government support for the project in yesterday (Wednesday)’s Budget. Read more here: https://lnkd.in/ekPqq3mZ #Budget #BedfordshireBusiness #MiltonKeynesBusiness #EastWestRail #BusinessMK

In this year's Northern Territory budget, the government has committed $2.58bn to infrastructure this year, with over $4.4bn committed over the coming years. This includes $30m over three years to support the Middle Arm industrial precinct, $436.6m for the ship lift facility, and an investment of $4bn jointly funded with the federal government towards remote housing. Has the government done enough to kick-start investment in the Northern Territory? How does industry further leverage this investment? Read more here: https://lnkd.in/ekBSUecG

#Federal budget // It is very welcome to see the Commonwealth Government and ARTC investing in building a reliable and resilient national rail network for the future, with $1 billion to upgrade ageing infrastructure announced in the Budget.    Over the past two years, the ARA and freight stakeholders have advocated strongly for additional investment in critical rail corridors following the devastating impact of severe weather events on businesses and communities. The Federal Government’s $540 million funding for critical sections of the 8,500-kilometre network, combined with $500 million commitment from the ARTC, will ensure the delivery of goods when they are most needed.    The 2024-25 Budget has also confirmed an overall investment in nationally significant rail projects of $13.2 billion over the next four years through the Infrastructure Investment Program. This is an incredibly important investment in the future of the national rail network which will support moving more freight on rail. ARA media release - https://lnkd.in/ewAzpa62  

For a fourth consecutive year, Victoria has retained first place in the 2024-25 Budget Monitor rankings for Australian infrastructure funding levels by share of budget expenditure. While the State's infrastructure funding decreased for a second year in a row, reflecting restrained fiscal settings, moderate new infrastructure investment alongside a strong existing road and rail infrastructure pipeline saw Victoria outrank all other states and territories - again.   See the full rankings by jurisdiction 👇 Access the Australian Infrastructure Budget Monitor 2024-25 here: https://lnkd.in/gmkjDveQ