This article was produced by Nabarro LLP, which joined CMS on 1 May 2017.
nvestment in infrastructure transcends national boundaries more than ever before but with the continuing squeeze on funding the decision on where to invest often comes down to national factors.
Nabarro’s Infrastructure Index 2014 assessed the UK as being the number one destination for debt and equity investment in infrastructure projects. To remain competitive however the UK needs not only a clear strategic vision for its infrastructure projects but a legal, financial and regulatory framework that supports its aims.
The passing of the Infrastructure Act 2015 is to be encouraged. It is expected to provide a significant boost to the economy over the next 10 years through, amongst other things, improvements in the funding and management of our major roads and streamlining the planning process for major projects – often seen as the biggest barrier to attracting international investment.
The new Act is a step in the right direction but much work remains to be done if we are to retain our leading position on the global stage.
