The Government has recognised the need to develop expert transactional capability to support the delivery of major infrastructure projects across central and local government.
To achieve this before the new independent infrastructure body is up and running, an interim Infrastructure Transactions Unit (ITU) will be established within the Treasury from 1 November 2018.
It will be incorporated into the new independent infrastructure body from mid-late 2019.
In addition, the ITU will provide a first point of contact for interested parties in the infrastructure sector to receive information on current and future infrastructure projects.
The nature of support provided by the ITU will be tailored to suit the size, complexity and risk of the project and the procurement capability of the agency. The ability of the ITU to support major infrastructure projects will build gradually over time from 1 November 2018, while the new independent infrastructure body is established.
It is proposed that the ITU will initially focus on the following three key areas:
- Infrastructure market and procurement pipeline: Act as a ‘shop front’ for the market and publish a pipeline of infrastructure projects.
- Best practice guidance: Provide best practice guidance on infrastructure procurement and delivery, including standardised procurement processes and documentation for major infrastructure projects;
- Procurement and delivery support: This would involve supporting agencies in the preparation of business cases for major infrastructure projects and with project delivery, including through the provision of embedded commercial and procurement expertise.
The ITU will have strong links to the infrastructure strategy and planning functions within the Treasury’s National Infrastructure Unit, while the new independent infrastructure body is established.
These proposed functions are subject to the consultation process currently underway on the new independent infrastructure body. Please read the consultation document and find out how to submit your views.
Consultation closes on Friday, 26 October 2018.