UK must have minister for infrastructure, says PIP chief

first_imgHe said the construction risk usually involved in greenfield infrastructure projects was too high for pension scheme investors typically looking for low risk, long-term, inflation-linked returns to help meet regular pension payment obligations.Dalmore said back in July that it had secured £440m of commitments for its TTT fund from UK pension funds and European investors, and PIP investors were understood to account for most of that, having made a £370m co-investment alongside Dalmore earlier in the month.The PIP was set up by the UK National Association of Pension Funds (NAPF) and backed by the UK government, to channel investment into domestic infrastructure.Weston said the PIP wanted to see more investment opportunities like the TTT for UK pension funds.“If the government is serious about increasing institutional investment in infrastructure, then it needs to ensure a long-term pipeline of opportunities is in place to give pension schemes the confidence to build their internal investment systems and capabilities,” he said.In addition to this, the government has to be prepared to structure projects to deliver the low-risk cash flows pension schemes need, he said.“Finally, the government must appoint a minister specifically for infrastructure to oversee these large projects, which will typically cut across a number of government departments,” Weston said.The TTT project will create a new sewer and build a 25km tunnel below the River Thames.It is due to be completed by 2023. If the UK government wants to encourage more institutional investment in infrastructure, it must shape projects in a way that gives pension funds low-risk cash flows, and appoint a minister specifically for infrastructure, the head of the Pensions Infrastructure Platform (PIP) said.The PIP confirmed it helped secure more than £370m (€506.6m) of investment commitments on behalf of UK pension schemes in the Thames Tideway Tunnel (TTT) project via Dalmore Capital.It said the Bazalgette Tunnel Limited consortium, of which Dalmore is a part, received the licence to own the £4.2bn London “super sewer” on August 24.Mike Weston, chief executive of the PIP, said: “The Thames Tideway Tunnel is a great example of how even greenfield projects can have the risk mitigated to a level acceptable to pension funds.”last_img read more

Sumner County resident Morgan Tracy, Argonia, seriously hurt in accident in Missouri

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Sumner Newscow report — A Sumner County resident was seriously hurt in a two-vehicle accident that killed a Pittsburg State University student and seriously hurt four others Saturday morning in Barton County, according to the Missouri State Highway Patrol.Morgan Tracy, 20, of Argonia was listed as one of three passengers taken by ambulance to Freeman Hospital with serious injuries. She was in a car that killed Nicholas E. Chase, 22, of Olathe, Kan., who was pronounced dead at the scene of the crash at the junction of state highways 43 and 126, about 10 miles southwest of Lamar, the state patrol said. His body was taken to the Daniels Funeral Home in Lamar.Chase was a passenger in an eastbound car driven by Caleb C. Neely, 23, of Dadeville, that failed to stop at a stop sign on 126 and collided with a northbound pickup truck driven by Crystal L. Carter, 30, of Lamar, the patrol said. Both vehicles left the roadway following the collision and the pickup truck overturned, the patrol said.Carter and her passenger, Hiram C. Ruth, 32, of Lamar, sustained serious injuries and were flown by medical helicopter to Freeman Hospital West in Joplin, the patrol said. Two other passengers beside Tracy were identified in Neely’s car taken by ambulance to Freeman Hospital West with serious injuries. They were identified as Devin H. Walter, 23, of Topeka, Kan.; and Kaylene R. Wray, 20, of Pomona, Kan.last_img read more

2 nabbed with unlicensed gun, ammo

first_imgTwo men were on Thursday arrested at Turtle Creek, Middle Mazaruni with an unlicensed .9mm pistol and eight matching rounds of ammunition.Based on reports, ranks of a Police mobile patrol conducted a search on the two men who were travelling on an All Terrain Vehicle (ATV) during which the gun and ammunition were discovered.The men were taken into custody and charges.Charges are expected to be laid shortly.last_img

Microsoft is starting to explore new programming l

first_imgMicrosoft is starting to explore new programming languages to protect against security vulnerabilities. The company revealed it is turning to the systems programming language Rust to help developers build more reliable and efficient software. Microsoft has long turned to languages like C++ and C# in their security efforts. C# has helped protect against memory corruption vulnerabilities, while C++ features a small memory and disk footprint, mature language, and predictable execution. The problem, however, is Microsoft is looking to gain all the benefits from C++ and C# in one language, and it believes Rust is the answer. The programming language built by Mozilla is designed to run fast and be memory-efficient with no runtime or garbage collector. It features a rich type system and ownership model to guarantee memory safety and thread safety, according to the Rust team. Additionally, it provides documentation, a compiler with useful error messages, integrated package manager, and other tools to help boost developer productivity. The latest version of Rust 1.36 was just released earlier this month with the stabilization of the future trait, alloc crate, and offline support in Cargo. “If as an industry we truly care about security, we should be focusing on the tools of the developer, and not be too blindsided by all the security paraphernalia, hype, non-data driven ideologies, and outdated methods and approaches. Rather than providing guidance and tools for addressing flaws, we should strive to prevent the developer from introducing the flaws in the first place,” Gavin Thomas, principal security engineering manager for Microsoft Security Response Center, wrote in a post.last_img read more