Skip to main content

UK Government to invest billions in road, rail and energy works

The UK Government is about to underwrite investments in road, rail and energy projects worth €38.94 billion (£33 billion), the Treasury has announced. A total of 40 projects have now pre-qualified for state funding through the UK Guarantees scheme - more than 50% of which are energy projects. The Government guarantees will represent part of the project's capital value. The British Government believes that investing in infrastructure will generate jobs, drive growth and help ensure that the UK remains
October 25, 2013 Read time: 1 min
The UK Government is about to underwrite investments in road, rail and energy projects worth €38.94 billion (£33 billion), the Treasury has announced.

A total of 40 projects have now pre-qualified for state funding through the UK Guarantees scheme - more than 50% of which are energy projects. The Government guarantees will represent part of the project's capital value.

The British Government believes that investing in infrastructure will generate jobs, drive growth and help ensure that the UK remains globally competitive.

Related Content

  • Finnish research body highlights hydrogen as future fuel
    May 7, 2013
    The Finnish VTT research body believes that hydrogen offers considerable potential as a future fuel, according to its latest study. The Finnish hydrogen roadmap has been compiled by VTT Technical Research Centre of Finland and partly funded by the Finnish Funding Agency for Technology and Innovation (Tekes). According to VTT’s study, hydrogen fuelled vehicles will be as important as electric/battery types in minimising traffic pollution. The study says that transport applications for hydrogen are now close
  • Concrete success in Italy
    May 14, 2024
    GIC concrete show proves a success in Italy.
  • UK contractor Ringway provides protection for autonomous vehicles
    April 3, 2018
    Ringway, a Eurovia company in the UK, has taken part in a self-driving vehicle test on public roads in the English city of Milton Keynes. For the three-day test, two Ringway trucks provided a rolling roadblock behind an autonomous Jaguar Land Rover passenger vehicle. The trucks were there to ensure other highways users were safe and not inconvenienced by the tests, according to Ringway. Ringway also supplied two supervisors and two traffic management vehicles.
  • Michelin and IRF partner up to provide road statistics
    December 13, 2013
    Michelin has partnered with IRF to mark the global launch of the 50th Anniversary edition of the World Road Statistics. The World Road Statistics (WRS) have now been published every year since 1964. To mark this half-century of achievement, IRF has released a commemorative 50th Anniversary edition that compiles 12 years of data to provide a comprehensive statistical review of the evolution of international road and land transport from the dawn of the Millennium to the present day.