Pension Funds: Australia
The question
To ask the Chancellor of the Exchequer, what estimate she has made of the value of Australian pension and superannuation capital that could be invested in UK infrastructure projects over the next five years.
Answered by Torsten Bell
The 10 Year Infrastructure Strategy set out the Government's long-term plan for economic, housing and social infrastructure to drive growth. We recently published an update to the Infrastructure Pipeline. The Pipeline is designed to provide certainty to industry and investors, supply chains and contractors. The pipeline currently covers spending of over £250 billion of public finance and over £450 billion of investment from private or blended finance for infrastructure projects.
Government is supporting private infrastructure investment by working with pension funds, including Australian pension funds, who are already significant investors in UK infrastructure projects.
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