Investment Strategy for Northern Ireland 2008-2018 David Gavaghan, Strategic Investment Board Limited

Third Infrastructure ConferenceGross Capital Investment – to 2003/04

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Third Infrastructure ConferenceGross Capital Investment – to 2007/08

699 713 701 673

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Third Infrastructure ConferenceGross Capital Investment – to 2012/13

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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

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

Executive’s Priorities

Programme forGovernment

Investment Strategy2008 - 2018

Budget2008 - 2011

Programme for Government

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

Planned Investment

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

DemographicsPopulation pyramid for Northern Ireland 2006

-20,000 -15,000 -10,000 -5,000 0 5,000 10,000 15,000 20,000

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Number of Persons

Male Female

DemographicsPopulation pyramid for Northern Ireland 2031

-20,000 -15,000 -10,000 -5,000 0 5,000 10,000 15,000 20,000

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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

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

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

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

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

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

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

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

A1 Newry to Dundalk

City of Derry Airport

Connecting the island

Electricity Market

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

Building a better future.