{"id":52864,"date":"2019-02-21T14:07:10","date_gmt":"2019-02-21T14:07:10","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=52864"},"modified":"2019-02-21T14:07:10","modified_gmt":"2019-02-21T14:07:10","slug":"infrastructure-contract-growth","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/infrastructure-contract-growth\/52864\/","title":{"rendered":"Infrastructure contract awards up 18.5%"},"content":{"rendered":"

The value of infrastructure contract awards was \u00a31.5bn during January 2019 \u2013 an 18.5% increase on December 2018<\/h2>\n

Whilst the infrastructure sector remains open to considerable volatility in monthly contract award values, the sector has remained relatively robust over the last two years with contract awards consistently above the \u00a3500m threshold.<\/p>\n

The latest edition of the Economic & Construction Market Review<\/a> from industry analysts Barbour ABI highlights levels of construction contract<\/a> values awarded across Great Britain. This month it shows the total value of construction contracts awarded in January 2019 was \u00a35.5bn which is 9.9% higher than December 2018 figures.<\/p>\n

Looking at how these contracts were awarded across the sectors, the residential sector was the largest in January 2019 with a 28% share, followed by infrastructure with a 21% share and the commercial & retail sector with a 20% share.<\/p>\n

\"Infrastructure
Figure 1.1<\/figcaption><\/figure>\n

(Figure 1.1)<\/p>\n

The largest contract awarded in January was the \u00a340m Paddington Cube in Paddington Square, London within the commercial & retail sector. This development covers<\/a> 49,676 sq m of office and retail space and was awarded to Mace Limited<\/a>. (see fig 1.1.)<\/p>\n

The second largest contract awarded was within the hotel, leisure & sport sector for the Manchester Town Hall<\/a> redevelopment valued at \u00a3330m and Hinkley Point C Connection Project was the third largest contract awarded to provide an overhead power line to connect Hinkley with substations in Bridgwater and Avonmouth. This has been valued at \u00a3214m and was awarded to Balfour Beatty<\/a>. (see fig 1.1.)<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

The value of infrastructure contract awards was \u00a31.5bn during January 2019 \u2013 an 18.5% increase on December 2018.<\/p>\n","protected":false},"author":20,"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":[825,997,283,579],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-52864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-barbour-abi","8":"tag-development","9":"tag-finance","10":"tag-infrastructure"},"acf":[],"yoast_head":"\nInfrastructure contract awards up 18.5%<\/title>\n<meta name=\"description\" content=\"The value of infrastructure contract awards was \u00a31.5bn during January 2019 \u2013 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