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.
Road Structures Highway & Network Management

Related Content

  • Lagos state lights up with Low Energy Designs
    March 9, 2018
    Nigeria’s Lagos state government has outsourced around a third of its street lighting under a deal with UK manufacturer Low Energy Designs. A total of 10,000 LED Street lights are set to be installed in Lagos, Nigeria by a United Kingdom firm, Low Energy Designs. The Lagos State Government recently entered into a partnership with the UK Company. The partnership deal will see LED replace up to 10,000 lights over 300km of state roads within the next year at a cost of US$7 million, Nigeria’s media reported.
    Read More
  • Salini Impregilo morphs into Webuild
    May 19, 2020
    The name of a major player on the international construction scene has changed.
    Read More
  • Road sector drives Europe’s construction recovery
    September 13, 2017
    Despite political concerns and upheavals, Europe’s construction market is on the up, reports Graham Anderson Europe’s road building market is forecast to grow strongly in real terms up to 2019, as a strengthening economy boosts construction, creating investment and jobs. The market is predicted to grow by 16% between 2016 and 2019 and is being led by increases in the UK (39%), Norway (38%) and Poland (35%). In the UK, the market is buoyed by a number of major projects coming on stream, such as England’
    Read More
  • Many US states don't measure performance of transportation investments
    February 29, 2012
    US States spent an estimated $131 billion on transportation in fiscal year 2010, but many cannot answer critical questions about what returns this investment is generating, according to a new report by the Pew Centre on the States and the Rockefeller Foundation
    Read More

Highlighted Content