Treasury preparing new pipeline of PF2 projects for new year

摘要

A new pipeline of PF2 projects is being prepared by the Treasury, according to documents published with this week's Autumn Statement. The move came as chancellor Philip Hammond committed the government to upping infrastructure investment to 1-1.2% of GDP from 2020, up from 0.8% this year. Hammond made no reference to the private finance initiative in his speech to the House of Commons. But in the Autumn Statement document the government said it will announce a PF2 pipeline covering social and economic infrastructure schemes early next year. It comes after the Treasury appointed investment banker Matthew Vickerstaff as its first ever infrastructure finance chief earlier this month. Vickerstaff will take responsibility for PF2 policy and implementation.