After three successive years of growth, infrastructure starts were down in 2015. Now though, many analysts forecast a bounce back in the sector this year with double-digit growth in starts already materialising. In recent years, rail related projects have made up the bulk of government investments but spending on the road network is now increasing, with a number of new term maintenance agreements let.
Underlying value of Infrastructure starts (UK)
|
2014 Starts (£m) |
%y-o-y change |
2015 Starts (£m) |
%y-o-y change |
2016 to August Starts (£m) |
%y-o-y change |
|
|
|
3,636 |
6% |
2,659 |
-27% |
2,472 |
31% |
As O’Neill & Brennan look to increase our presence in the civil engineering sector, this extreme show of bouncebackability makes for very happy reading in the eyes of contractors and operatives up and down the country as well as, of course, recruiters.
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