In the February 2018 edition of the Hardman Monthly Newsletter, Nigel Hawkins addresses the issue of the UK's infrastructure expenditure, much of which is energy-related.
Government figures show that there are some 600 projects/programmes, each of which exceeds £50m - the total amount is over £420bn.
Much of this projected expenditure is energy-related, covering large power station projects, such as Hinkley Point C, to more standard networks investment.
Railways present probably the greatest challenge given the size of the backlog, Network Rail's poor record and straitened finances, notwithstanding the impact of HS2.
Telecoms investment is dominated by broadband, which is proving very challenging for BT, whose finances are not strong
The controversial PFI is under real strain, following Carillion's liquidation and a deep profit-warning and fund-raising from Capita.