{"id":21739,"date":"2015-12-14T09:17:16","date_gmt":"2015-12-14T09:17:16","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=21739"},"modified":"2015-12-14T09:17:16","modified_gmt":"2015-12-14T09:17:16","slug":"infrastructure-boosts-new-orders-q3-2015","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/infrastructure-boosts-new-orders-q3-2015\/21739\/","title":{"rendered":"Infrastructure boosts new orders in Q3 2015"},"content":{"rendered":"<h2><span>A strong quarter from the infrastructure sector has boosted the number of new construction orders\u2026<\/span><\/h2>\n<p>Infrastructure, which formed a major part of the government\u2019s Spending Review and plans for the future, contributed some \u00a34.5bn to the economy\u2014an increase of 42 per cent year on year.<\/p>\n<p>Figures from <a href=\"http:\/\/www.barbour-abi.com\/\" target=\"_blank\"><span>Barbour ABI<\/span><\/a>, the chosen provider of construction new orders, estimated the value of new orders during Q3 hit \u00a316.1bn.<\/p>\n<p>The data revealed that four out of the five largest projects within the construction sector were infrastructure-based. Among these projects were the \u00a31bn Thames Tideway tunnel project and the \u00a3600m Race Bank offshore wind farm.<\/p>\n<p>Barbour ABI said there was evidence of a geographical spread across all infrastructure projects in the third quarter, with schemes located in Northumberland, Cheshire, and Lincolnshire. This is different to other parts of the construction sector, where major projects are often mainly located in the capital.<\/p>\n<p>Michael Dall, lead economist at Barbour ABI, said: \u201cThe third quarter in construction saw an increase in new order values despite the wider slowdown in growth across the UK economy.<\/p>\n<p>\u201cIn particular, the infrastructure sector experienced strong gains in the third quarter, with major projects such as the Thames Tideway tunnel reaching the contract stage.<\/p>\n<p>\u201cThese are the types of major projects that have been scarce in recent years so they provide a welcome fillip to the sector and, after further funding was confirmed in the Comprehensive Spending Review, future prospects for infrastructure have improved significantly.<\/p>\n<p>\u201cIn addition, the latest ONS output figures for October, which show growth of 0.2% compared with September, suggest a potentially stronger finish to the end of the year after the summer slowdown.<\/p>\n<p>\u201cOverall, the levels of appetite for investment across construction remain strong at the contract stage. The problems lie more on the supply side at present, with skills shortages, in particular, a major challenge in moving projects from the conceptual to the delivery phase.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A strong quarter from the infrastructure sector has boosted the number of new construction orders\u2026 Infrastructure, which formed a major part of the government\u2019s Spending Review and plans for the future, contributed some \u00a34.5bn to the economy\u2014an increase of 42 per cent year on year. Figures from Barbour ABI, the chosen provider of construction new [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-21739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Infrastructure boosts new orders in Q3 2015 | Planning, Building &amp; Construction Today<\/title>\n<meta name=\"description\" content=\"A strong quarter from the infrastructure sector has boosted the number of new construction orders\u2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/infrastructure-boosts-new-orders-q3-2015\/21739\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infrastructure boosts new orders in Q3 2015\" \/>\n<meta property=\"og:description\" content=\"A strong quarter from the infrastructure sector has boosted the number of new construction orders\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/infrastructure-boosts-new-orders-q3-2015\/21739\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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