Infrastructure Australia launches a revised Infrastructure Priority List
Established in 2008, Infrastructure Australia has become an independent statutory body within the country, providing expertise and guidance with regards to new and developing infrastructure projects, providing significant research and stressing key issues within construction and building.
The independent statutory body has released their revised Infrastructure Priority List, highlighting over 100 high-priority works and initiatives which need to be undertaken within Australia, such as developing existing aviation networks, mass transit, alongside the country’s road, rail and metro systems, enhancing new and existing infrastructures.
Following the release of the Infrastructure Priority List, Business Council Chief Executive Jennifer Westacott said: “Infrastructure Australia has released a roadmap for addressing the nationally significant infrastructure challenges that must be fully grasped by governments and the private sector. Infrastructure Australia’s priority list identifies around $60 billion of projects that have passed rigorous, independent cost-benefit analysis and are ready to go.”
“The experts advise that these projects are needed to cater for population growth, relieve traffic congestion in our cities and deliver new opportunities for workers around our nation.
“It’s time for our politicians to put their faith in the expertise of Infrastructure Australia and work together to ensure these projects are funded and delivered. It will also be important for governments to heed Infrastructure Australia’s recommendations to reserve the corridors now that will be needed to build the infrastructure of the future.”
Read the January 2017 issue of Construction Global here
Henry Boot, Factory form joint venture with £1bn scheme
The property development business of Henry Boot (HBD) has announced it has formed a joint venture with international tech campus developer Factory as part of a £1bn scheme known as the Golden Valley Development.
Called HBD X Factory, the joint venture has been chosen to deliver the first phase of the scheme based in Cheltenham, which aims to focus on the development of technology in the UK. Centered around cyber and digital innovation, the development will include 3,700 new homes and 2mn sq ft of commercial space. Phase 1 aims to accommodate 111 acres of the scheme and will be located close to Factory’s first UK tech building near GCHQ.
Confirming the UK as a leader in cybersecurity
Minister for Digital Infrastructure, Matt Warman, said the £1bn development would help confirm the UK’s position as a leader in cybersecurity: “We are investing to help cyber-security businesses across the country tackle barriers to growth and boost people’s digital skills so we can usher in a golden age in UK tech.”
Commenting on the partnership, HBD Managing Director Ed Hutchinson said: “The HBD X Factory partnership reflects our focus on delivering large-scale, transformative regeneration projects – the Golden Valley Development is a hugely important project for Cheltenham, the South West region and the wider UK tech sector and we look forward to working alongside Factory to bring the scheme forward.”
It is expected that Client Cheltenham Borough Council will submit a planning application for the site in 2022 with Tewksbury Borough Council as a partner. Discussing future plans for the partnership, Henry Boot said the new JV would “focus on developing large-scale mixed-use districts and urban regeneration projects.”
Image: Henry Boot