The new Infrastructure and Projects Authority, brings together the 2 existing bodies, Infrastructure UK (IUK) and the Major Projects Authority (MPA). It brings together under one roof for the first time, financing, delivery and assurance of projects. These range from large scale infrastructure projects such as Crossrail and the Thames Tideway Tunnel to major transformation programmes such as Universal Credit.
The new organisation reports jointly to the Chancellor and Minister for the Cabinet Office. Its Chief Executive is Tony Meggs, who was previously the current Chief Executive of the MPA.
The Chancellor George Osborne said:
Bringing together Infrastructure UK and the Major Projects Authority and creating the new National Infrastructure Commission is the next step in our plan to make sure we no longer trail our rivals when it comes to building the vital infrastructure our economy needs.
The Minister for the Cabinet Office, Matt Hancock said:
Having one organisation to ensure the effective delivery of such vital Government projects makes perfect sense. It will bring together project expertise, with funding authority, to challenge and support projects that will benefit the British economy and benefit taxpayers.