BRUSSELS (AP) For years, the United States and Europe have been the most aggressive construction providers in the world, building their own construction sites.
But the United Kingdom has gone one step further, building and selling its own infrastructure, and it’s paying a hefty price for it.
For decades, Britain has built more roads, railways and airports than any other country.
It’s now building up its own power grid, using a system called “Project Purity” that relies on a massive network of cables, cables and poles.
Now the country is spending billions to build its own grid, in addition to the massive infrastructure already in place.
The United Kingdom is spending an estimated $8.6 billion to build the first phase of its national grid, and the rest will be spent on building the second phase in the next few years, according to a report from the London-based consulting firm Transforming Infrastructure.
Britain built the infrastructure for its own electricity grid in the 1950s, but the country has yet to use it.
In the past few years it has purchased the most modern electrical systems in the United Nations and spent billions of pounds on them, according the report.
Transforming has found that the country will spend $4.6 trillion by 2026, a far larger investment than its current $1.6-trillion-plus infrastructure budget.
That’s more than the next three nations combined, China, Germany and Japan combined.
It also dwarfs the spending on other nations, which include Australia, France, the Netherlands and New Zealand.
The British government has already spent billions buying new power lines, and in the coming years, Transforming expects the country to spend another $3.2 billion on the same project.
The report estimates that Britain is spending more on infrastructure than every other nation combined.
The first phase will be built out over the next 20 years, with construction slated to start by the end of 2021.
Transformed says Britain is the largest provider of its own energy grid in 20 years and is investing at least $1 trillion.
By 2026 Britain will be spending more than twice the money on its own generation than the United Arab Emirates, the report says.
It says the United Middle East, the Middle East and North Africa will see the most investment.
Britain’s energy grid is so massive that it will need to build a new section of it to serve as a backup power grid.
This will cost $4 billion to $6 billion, and a $2.5 billion contingency fund will need be established to cover the cost.
The government has promised to build enough new power-grid capacity to provide power for every British household for 20 years.
But that’s not the only project that Britain will have to fund.
Britain is building a massive solar array, costing billions, and building a new “pump-and-dump” gas pipeline, costing an estimated additional $1 billion, the Transforming report said.
The Transforming group expects Britain to spend $3 trillion on its energy system by 2034.
But this will only cover half of the costs.
Transforms also expects Britain’s grid to take over 50 percent of the global energy market in the near future, so it will be more expensive to build an electric grid in Britain than in the rest of the world.
Transformation’s report said the cost of building the first generation of its network will be $7.6 million per kilometer (1,200 miles), the same as the United Nation’s estimate for the world as a whole.
By 2020 Britain will also be spending $3 billion on new power plants and pipelines, more than in any other nation.
It expects to build $8 billion worth of power plants by then, and by 2035 Britain will produce about 2.3 gigawatts of electricity.
In 2030 Britain will need nearly three times as much power to produce as it does today, and will need that power to power a population of nearly seven billion people, Transforms says.
By the end in 2036 Britain will consume nearly 10 gigawatts, a third of the energy it produces today.
The next biggest demand for Britain’s electricity will come from China, the world leader in renewable energy, where it will demand more than 30 gigawatts.
By then, Britain will rely on about 12 gigawatts for all of its energy needs, Transformation says.
China’s economy has grown steadily since the 1980s and now accounts for about half of global GDP, more growth than the U.S., Germany and Australia combined, the group says.
“As a global leader in solar energy, the U, U.K. will play a significant role in helping China achieve the goals of its renewable energy strategy,” Transforming’s report says, noting that Britain has already built solar projects on nearly a million hectares of land.
But Transforming says Britain will require a similar amount of energy to produce that much electricity as Germany and the U-K.