Issue Focus

The increase in domestic SOC budget in 2020 has recently highlighted the importance of infrastructure investment. Now we need to find efficient ways to invest in infrastructure. This report analyzes infrastructure policies of the UK and Singapore and draws implications for efficient infrastructure investment. The UK emphasizes the importance of improving productivity and infrastructure for economic growth and national competitiveness, and is working to improve infrastructure investment efficiency and construction productivity. The government is prioritizing investment in the right projects, improving productivity in delivery and procurement, and maximizing the overall benefits of infrastructure investment. Singapore is increasing its infrastructure investments from a comprehensive and organic perspective by including infrastructure policies in its overall national development plan. Also, the government is pushing for policies to improve construction productivity, focusing on the use of new technologies such as Design for Manufacturing & Assembly (DfMA), Green Building, and Integrated Digital Delivery (IDD). There is much in common between the two countries' policies: providing a long-term vision and strategy, developing integration and comprehensive policies, increasing construction productivity to improve infrastructure productivity, responding to new demands, and expanding infrastructure investment. The UK and Singapore policy aims to increase infrastructure investment and construction productivity at the same time. To improve infrastructure performance and increase investment, it is necessary to set the right investment direction and increase construction productivity.