CIF: State to meet only half of investment commitments

THE Government is set to only meet half of its infrastructural investment commitments in 2011, the Construction Industry Federation has claimed.

New research into public sector construction indicates that the Government is already well behind on the commitments it made in its recently revised capital investment programme, Infrastructure Investment Priorities 2010-2016.

The research, published in the CIF’s Public Construction Barometer, finds that based on the value of infrastructure contracts notified up to the end of June and presuming those projects are built, the public capital investment programme is running at less than half that required to meet the Government’s commitments for 2011.