investment strategy for northern ireland 2008-2018 david gavaghan, strategic investment board...
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Investment Strategy for Northern Ireland 2008-2018 David Gavaghan, Strategic Investment Board Limited
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Third Infrastructure ConferenceGross Capital Investment – to 2003/04
699 713 701 673
789881 920 941
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650
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1,150
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1,650
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Third Infrastructure ConferenceGross Capital Investment – to 2007/08
699 713 701 673
789881 920 941
1,246
1,5051,552
1,653
400
650
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1,150
1,400
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Third Infrastructure ConferenceGross Capital Investment – to 2012/13
699 713 701 673
789881
920 941
1,246
1,5051,552
1,653
1,999
1,756
2,185
1,972
2,088
400
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900
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Third Infrastructure Conference
• 8th successive year of increased investment
• Major projects underway include:
- Roads Package 1 £132m and ahead of schedule
Project Alpha £110m and ahead of schedule
Project Omega £122m and ahead of schedule
Roads Package 2 £316m and on schedule
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Additional Achievements
• Executive’s ISNI 2008-18 published last week
• ISNI firmly embedded in government process
• Brand identity for investment
• Review of public sector assets (CRT) with potential to realise– £500m in 5 years– £950m in 10 years
• Establishing best practice– Promoting social considerations– Embedding sustainability issues
• Connecting with communities – The Prince’s Trust/BITC/ Local partnerships
• Building capacity – PDSU in education, waste & water reform
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Executive’s Priorities
Programme forGovernment
Investment Strategy2008 - 2018
Budget2008 - 2011
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Programme for Government
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The shape of investment programme
0.000
1000.000
2000.000
3000.000
4000.000
5000.000
Networks Skills Health Social Environment Productive
• ISNI 1 - £14.4bn
• ISNI 2 - £19.3bn
• Step change – ambition, scale and nature
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Planned Investment
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Where we are now
• Positive bidding environment
• Pricing competitive and market keen
• BUT credit markets changed – flight to quality
• Learning about Competitive Dialogue
• Equality and sustainability embedded in public sector procurement
• Executive will focus on VFM
• Entrepreneurial spirit critical to NI’s transformation
• Demographic trends emerging as the central issue
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DemographicsPopulation pyramid for Northern Ireland 2006
-20,000 -15,000 -10,000 -5,000 0 5,000 10,000 15,000 20,000
0
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Ag
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Number of Persons
Male Female
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DemographicsPopulation pyramid for Northern Ireland 2031
-20,000 -15,000 -10,000 -5,000 0 5,000 10,000 15,000 20,000
0
10
20
30
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Number of Persons
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Networks
2009 M1/ Westlink/ M2 Upgrades
2009 Communications Link
2010 A4 Dualling /A1 Dualling
2011 Rapid Transit
2015 A5/A8 with RoI contribution
Roads 3,095
Public Transport 725
Gateways 6
Telecoms 35
Energy 174
NETWORKS 4,035
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Skills
2008-11 Major works at 100+ schools
2008 Financial Close of BELB
2010 Belfast Metropolitan Campus open
2015 Belfast Central Library
Schools & Youth Services 3,510
FE & HE 507
Libraries 139
SKILLS 4,156
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Health
2009 Downpatrick enhanced Hospital
2010 Gransha Mental Health Crisis Centre
2010 Ulster Hospital 1st phase complete
2011 5 new Health & Care Centres
2012 South West Acute Hospital complete
2013 Omagh Hospital complete
Primary Care 862
Public Safety & Technology 572
Hospitals Modernisation 2,225
HEALTH 3,659
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2011 NE Quarter Belfast retail led regeneration
2012 NI’s first 50m swimming pool
2013 10,000 Social & affordable homes
2011 Substantial regeneration of strategic sites
Social
Regeneration 630
Housing 1,817
Welfare Reform 71
Culture, Arts, Sport 519
SOCIAL 3,037
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Environment
2009 Completion of Alpha -freshwater
2010 Completion of Belfast Sewers Project
2010 Completion of Omega - wastewater
2011 Waste Management Infrastructure
Water & Waste Water 2.535
Waste Management 436
Flood Risk Management 82
Environment 65
ENVIRONMENT 3,118
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Productive
2009 Completion of Workplace 2010 Contract
2009 Nitrates Directive – Farm Waste Scheme
2012 200 acres of land for Invest NI clients
2010-18 Complete tourism signature projects
Enterprise & Innovation 670
Tourism 91
Rural & Primary Industries 412
Public Sector Reform 149
PRODUCTIVE 1,322
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Social and Environmental Outcomes
• Social and environmental considerations embedded in procurement
• Developing sustainable skills through employment plans
• Reducing the carbon footprint and showcasing sustainable development principles
and green design – e.g. in new schools for the future
• Conducting EQIA at high level – applied by depts in planning delivery phases
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Balanced Regional Development
Providing the platform for wider developments:
• Major roads upgrade in South West and North West increasing
accessibility to Belfast & Dublin and reducing peripherality
• Telecoms upgrades in NW – improving the economic competitiveness
• New hospitals in the South West
• Major urban renewal in Derry/Londonderry
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A1 Newry to Dundalk
City of Derry Airport
Connecting the island
Electricity Market
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Summary & Next Steps
• The Executive working together- PfG
• Agreed Budget and ISNI
• Ramping up investment – unprecedented quantum
• Clear pipeline of projects
• Focus on getting best “bang to the buck”
• Investment delivery plans by 31st March 2008 - Spring conference
• Small island competing in a Global marketplace
• Infrastructure a key deliverable for the Executive
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Building a better future.