Home' Future Building: The Australian Infrastructure Review : December 2011 Contents Public and private sector leaders call for bold, sustained, national reform
Volume 2 Number 2
Finally at Partnerships 2011, delegates heard from
Doug Segars, Head of Financial Markets Group
within the United Kingdom Government’s chief
infrastructure body, Infrastructure UK.
Segars provided a comprehensive overview of
Infrastructure UK’s structure and responsibilities,
drawing parallels between the challenges facing the
United Kingdom market and those being experienced
Infrastructure UK – established in 2009 –
operates as a unit within HM Treasury, reporting to the
Commercial Secretary to the Treasury, Lord Sassoon.
Its key role is to provide clarity and coordination
around the planning, prioritisation and enabling of
investment in British infrastructure; ensuring delivery
is achieved at the best possible value for money.
Segars spoke of Infrastructure UK’s challenges in
delivering infrastructure projects against a backdrop
of some of the toughest financial conditions in
years – pointing to a fragile national and European
economic market, constrained government spending
and pressures from the need to meet the carbon
A total of £192 billion of infrastructure investment
is planned over the next five years, with nearly
one-third being spent on energy and one-third on
transport. He said the role of the private sector is more
important than ever, with the share of investment from
the private sector to increase from its current sub-60
per cent level to nearly 70 per cent by 2014/15.
Segars also spoke of the detailed role of the Green
Investment Bank, which is aimed at catalysing private
sector investment and facilitating the entry of new
investors into green infrastructure.
With initial funding of £3 billion from 2012, the
Bank will be established by legislation, bringing in
private sector skills and making its investment decisions
completely independent of the government.
It’s hoped the bank will bridge the funding gap
between the demand for low carbon infrastructure
projects and supply.
The consensus among presenters and delegates
at Partnerships 2011 was that while governments
face some budgetary limitations, there is a degree
of optimism about the ability of Australia to meet its
IPA would like to thank all of our Partnerships
2011 sponsors, whose generous support made the
They include gold sponsor Macquarie; silver
sponsors Leighton Holdings, Serco and Transurban;
and bronze sponsors KPMG, Kreab & Gavin Anderson;
NAB; Minter Ellison and the Victorian Government.
Videos from Partnerships 2011 can be viewed at
...while governments face some
budgetary limitations, there is a degree of
optimism about the ability of Australia to meet
its infrastructure backlog.
TOP: Dr Kerry Schott
and Tony Shepherd at
BOTTOm LEFT: Doug
Segars, Head of
Financial Markets Group,
Infrastructure UK and
Swati Dave, Global Head of
Specialised Finance, NAB
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