THE PRIVATE FINANCE INITIATIVE AND PUBLIC PRIVATE PARTNERSHIPS Technical activities General public ACCA
2001
Infrastructure UK, new organism to manage public investment in the UK
9 December, 2009 By Ed Owen
Alistair Darling has pledged to invest in infrastructure decades into the future, by setting up Infrastructure UK to focus the government’s planning to prioritise and fund infrastructure over the coming 50 years.
Infrastructure UK "will help facilitate private sector investment in infrastructure and help ensure that publicly funded infrastructure is effectively prioritised and delivered.”
Infrastructure UK will be chaired by ex Rio Tinto chairman Paul Skinner and James Stewart has been appointed as Chief Executive, who will move on secondment from Partnerships UK where he was chief executive..
One of the body’s tasks will be to identify new revenue streams for major infrastructure, and manage the government’s money earmarked for the 2020 European Fund for Energy, Climate Change and Infrastructure.
It will also guide the Treasury in its infrastructure investment.
Finally, the body will actively support the development and construction of major infrastructure, reporting to the Department for Energy and Climate Change (DECC) and the Treasury on pushing the transition to a low-carbon economy.
Infrastructure UK will amalgamate several independent bodies - The Infrastructure Finance Unit, the Treasury’s PPP policy team, and parts of Partnerships UK.Fonte: nce
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"The new IUK unit will immediately combine the Treasury transactional and policy infrastructure efforts. Staff from Treasury's private finance unit and from the Treasury Infrastructure Finance Unit (TIFU) from PUK, will join IUK. However, the perception is that IUK will now have to beef up on the long-term strategic planning side and it is expecting to start recruiting. IUK's timeframe is five to 50 years and medium to long-term planning of infrastructure development and finance is an important role for IUK.
ResponderEliminarThe fact that IUK, the new Infrastructure UK unit, is directly in the Treasury marks a policy shift. PUK is jointly owned by the public and private sector. It was set up to allow a government-linked advisory body to attract high-quality private sector staff and pay accordingly.
The financial shareholders in PUK will be paid off and most of PUK's staff will transfer to IUK. What happens to its 10% stakes in all the Building Schools for the Future (BSF) schemes has yet to be decided. In the interim, Gerrard will head PUK. "
Source: www.pfie.com