Around 60% of infrastructure spending in the UK will be on energy projects up to 2020 and beyond.
New figures reveal the value of the infrastructure pipeline in the UK, which includes energy, transport, waste, flood, defence, communications, water and science and research sectors, is £411 billion in total.
The investment is expected to average at around £48 billion in the next five years.
There are 299 projects in the pipeline, with energy (£245 billion) and transport (£127.4 billion) accounting for 91% of the total value.
More than £260 billion – or 64% – is funded by the private sector and £46 billion – or 11% – of the projects have mixed private/public funding.
The remaining £101 billion – or 25% – is funded by taxpayers.
The figures, an update to the national infrastructure pipeline, have been published on a six-monthly basis since December 2013.
The Treasury stated: “It gives visibility and certainty for investors and the supply chain while also allowing government to work more effectively to ensure the UK’s infrastructure needs are met.
“Using this pipeline, an assessment has been undertaken of the skills required to deliver these ambitious investment plans. This will identify shortfalls or pinch-points in capacity, which could impact delivery.”
The analysis will be published in a National Infrastructure Plan for Skills in September.