Developer collapses after losing bid to evade £50m of Kent infra projects

Major Kent infrastructure projects valued at £50m, including a £30m scheme to dual the A28, are in jeopardy after the developer behind a new town collapsed. London-based Hodson Developments (Ashford) called in administrators from Grant Thornton on 24 March. It comes just two months after… The post Developer collapses after losing bid to evade £50m of Kent infra projects appeared first on Construction News.

Two-thirds of investors ditch infra projects over weak business cases, report finds

Two-thirds of investors are abandoning UK civils projects because the business case does not stack up, despite a strong short-to-medium-term infrastructure picture, new research has found. A report by AtkinsRéalis, De-risk, Incentivise, Deliver: Funding UK Infrastructure for Growth, concluded that although global investors currently view… The post Two-thirds of investors ditch infra projects over weak business cases, report finds appeared first on Construction News.

Government urged to tackle ‘valley of death’ over major infra projects

MPs and peers have called on ministers to take “radical action” to tackle the “systemic” problems that dog major infrastructure schemes such as HS2. In a new 36-page report, published on Wednesday (12 November), the All-Party Parliamentary Group (APPG) on Project Delivery laid out a… The post Government urged to tackle ‘valley of death’ over major infra projects appeared first on Construction News.

Skills body warns of labour contest between power and other infra projects

The Engineering Construction Industry Training Board (ECITB) has warned that net-zero schemes will be in direct competition with infrastructure projects for labour in the next five years. The skills body, which covers sectors including nuclear, power generation and offshore wind, said 40,000 new electrical construction… The post Skills body warns of labour contest between power and other infra projects appeared first on Construction News.