Keith Waller Infrastructure and Projects Authority May 2018 Transforming Infrastructure Performance What does the future look like? Keith Waller Infrastructure and Projects Authority May 2018

Content Role of IPA Maximising value – from efficiency to performance Future alignment - across government and industry

Role of IPA National Infrastructure Commission (NIC) HM Treasury Infrastructure and Projects Authority (IPA) Assesses long-term infrastructure needs. Provides independent, impartial recommendations to government. Decides which infrastructure projects it will fund / which policies it will take forward. Sets budgets. Supports private investment through stable regulatory environment. Provides advice and expertise on how infrastructure projects should be delivered, engaging across Whitehall and industry. Publishes products and tools such as pipeline, NIDP and Routemap

£600 billion investment pipeline Transport investment 17/18 to 20/21 The National Infrastructure Pipeline is a comprehensive, forward-looking assessment of the planned investment in UK infrastructure across both the public and private sectors. The NIDP pipeline contains over 600 projects and programmes with a combined value of £425 billion - excluding social infrastructure This updated pipeline of £425 billion from 2016-17 onwards compares with the July 2015 pipeline of £411 billion. All of the central government-funded investment in this update now represents committed investment underpinned by the recent SR and budget settlements. 4

Improving performance In 2017, IPA set out its programme to transform infrastructure performance How to improve outcomes for users, investors, and society Focus not just on construction, but performance over the whole life of infrastructure

Improving productivity Focus now progressed to productivity and performance

TIP’s themes for high performance

IPA’s SNAP model

Future decision making Not just about defining a successful project Decision makers need to consider how it performs in operation and What direct benefits it delivers To owners, investors, users, consumers What broader outcomes are delivered through it Meeting government’s wider social, economic & environmental objectives

Manufacturing the future How can government support more productive delivery? 5 government departments adopting presumption in favour of offsite by 2019 Linked with ambitions of TIES and the Construction Sector Deal

Future impacts Skills: Common platforms: Different blend Different amount Different location Common platforms: Digitally enabled No longer a series of prototypes Synergies across different clients Not just a different way to construct, but different approach to design, procurement and contracting models National Infrastructure Planning for Emerging Economies

Summary Future investment decisions need to consider whole life performance and outcomes delivered, not just project level metrics Productivity growth and building a sustainable, profitable industry will be key future objectives not simply capital efficiency Major programmes across private, public and regulated sectors are aligning to help drive the change TIP, TIES, IS, P13 i3P, Construction Sector Deal share similar ambitions