Table of Contents
AMA Research have published the 5th edition of the report 'Transport Infrastructure Construction and Refurbishment Market Report – UK 2015-2019 Analysis'. This report analyses the transport construction sector specifically and provides an assessment of construction output in transport, with forecasts through to 2019, with insight and comment on key developments and areas of potential growth and opportunity. The wider infrastructure sector is forecast to be one of the strongest drivers of new work construction output growth over the next 4-5 years.
Key areas covered:
Review of the major sector within the transport market - including roads & highways, rail, airports and ports with key investment levels and construction activity.
Detailed assessment of transport construction output - together with forecasts for growth to 2019.
In-depth analysis of Government funding/investment in transport - including DfT, Highways England, Network Rail, TfL budgets.
Contractor review - insight into contractor capability and experience in the roads, rail, airports and ports sectors.
Key areas of insight include:
Government spending plans and transport projects in the pipeline and outlook for transport infrastructure to 2019 – budgets, timescales, analyses.
Detailed analysis of the first 5-year Roads Investment Strategy (RIS), in which £15bn will be invested in 100 road schemes to 2020-21.
Review of the Government’s Transport Strategy for the North, announced in the 2015 Budget, which sets out options for future transport investment in the north of England.
Review of the future of the main long-term framework contracts and control period programmes for the DfT, TfL, Highways England and Network Rail.
In-depth analysis of the major challenges faced by the aviation sector including the issue of future capacity constraints at airports in the South East and key capital investment programmes taking place at UK major and regional airports.
Review of investment/activity under Network Rail’s Control Period 5 (2014-2019), including Thameslink, Crossrail, East-West Rail, Great Western, North-West and North trans-Pennine electrification and Northern Hub.
Some of the companies included:
Amalgamated Construction, Amey, Balfour Beatty, BAM Nuttall, Barhale, Buckingham Group, Carillion, Colas, Construction Marine, Costain, Dragados, Dyer & Butler, Eric Wright, Ferrovial, Fitzgerald, Galliford Try, Geoffrey Osborne, George Leslie, Henry Boot, Invensys, J Breheny, J. Murphy, John Graham, Kier, Lagan Construction, Laing O’Rourke, LendLease, McLaughlin & Harvey, Miller, Morgan Sindall, Mott MacDonald, MWH, North Midland Construction, QTS Group, Raymond Brown Construction, Ringway Group, Sir Robert McAlpine, Sisk, Skanska UK, Story Rail, Tarmac, VINCI, VolkerWessels.
Key areas covered in the report include:
CONSTRUCTION MARKET FOR TRANSPORT INFRASTRUCTURE
Construction output by sector - roads, rail, airports and ports.
Forecasts for construction activity to 2019 for the transport sector.
Contractor’s output in the Transport Infrastructure Sector (new work and RMI).
Analysis of project activity in the transport sector and outlook for transport infrastructure work.
Overall construction market analysis – value of total construction output new work.
INVESTMENT IN TRANSPORT INFRASTRUCTURE
Insight into public sector capital spending and expenditure in the transport sector.
Financial Settlements for Transport: 2013 Spending Round; 2014 Autumn Statement; 2015 Budget.
Investment in the Transport Sector – Roads, Rail, Ports and Aviation.
Major schemes and initiatives - e.g. Transport Strategy for the North, RIS, CP5 and key projects in the aviation and ports sector.
Transport for London (TFL) Investment and local transport investment.
Private financing of transport projects.
ROADS AND HIGHWAYS
Insight into key national initiatives and projects – budgets, programmes and schemes up to 2019.
Roads Investment Strategy (RIS) - £15bn invested in 127 schemes across the UK’s strategic road.
Network over the next 5 years.
RIS – Local Transport schemes by Region.
RIS – Smart Motorways Programme – 15 Smart Motorway projects.
Key national initiatives in the rail sector – budgets, programmes and schemes up to 2019.
Analysis of investment & projects under the Periodic Rail Review (CP5) 2014-2019.
Major rail enhancements programme – Thameslink, Crossrail, Midland Mainline Electrification, East West Rail Programme, HS2 and HS3.
London – Key rail projects including analysis of the TfL Transport and Business Plans, London Underground projects and over-ground projects.
AIRPORTS AND PORTS
Review of the Air Transport Sector in the UK.
Development activity in the UK Airports sector.
Analysis of airport capacity in the Southeast of England.
Key capital investment programmes taking place at other UK airports.
Key UK Port development activity and expansion plans.
CONSTRUCTION MARKET SUPPLY IN THE TRANSPORT SECTOR
Key Contractors in the Rail Sector (Capability and Experience).
Key Contractors in the Roads Sector (Capability and Experience).
Key Contractors in the Ports and Airports Sector (Capability and Experience).
In 2015, new construction output in the transport sector is forecast to see an increase and is expected to reach a value of over £8.3bn. Transport sector construction output fell quite significantly in 2014 following an increase of 6% in 2013, however, the transport sector is characterised by larger projects which take several years to complete, and a fall in output does not indicate a downward trend. Rail accounts for the largest share of construction output at around 44% - output in the rail sector has fallen in recent years, while road expenditure has increased its share of the construction market.
Infrastructure spending is a key element of the government’s long-term economic plan and, as such, the transport infrastructure sector is one of the major investment sectors for the construction industry. Over the past decade, the government has delivered over £150bn investment in transport sector as a whole, and over £12.7bn is being invested by the government in 2015-16. The 2013 Spending Round set out a long-term pipeline of infrastructure capital investment worth more than £100bn over the current Parliament and announced upfront 6-year funding provisions for the Highways Agency, TfL, HS2, local highways maintenance and local major schemes.
The UK rail sector has a substantial forward pipeline over the 5 years under Network Rail’s CP5 programme, which includes some 5,000 projects such as Thameslink and Crossrail; the electrification of more than 850 miles of track, the Northern Hub Project to improve the rail links between cities in the North; and the refurbishment, upgrading and redevelopment of hundreds of stations. The roads sector has been boosted by the announcements in the sector, including the Government’s Roads Investment Strategy (RIS) and Transport Strategy for the North. The first phase of the RIS includes 100 major schemes to enhance, renew and transform the network; smart motorway projects to provide extra capacity on England’s roads; new schemes in network problem areas and schemes to improve safety and ease congestion.
Construction supply in the transport sector is highly fragmented with many of the major and smaller contractors involved in infrastructure work. Contractors are heavily involved in road and rail, although fewer contractors work in rail due to Network Rail’s tied frameworks.
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