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

  • Ireland’s €2 billion motorway linking Cork and Limerick
    July 5, 2024
    Ireland is planning €2 billion motorway linking Cork and Limerick
  • JCB wins US$56.8million of new orders
    July 20, 2012
    JCB has secured an order for 550 machines worth £16 million from A-Plant, one of the UK’s leading rental firms. The order is part of a phased investment programme which has seen the plant hirer buy a total of 1,089 JCB machines in the last nine months. The latest order includes more than 400 mini and midi excavators, including 50 JCB 8085 eco midi excavators, said to be 27% more productive and more than 20% more fuel efficient than the model it replaced. The deal also includes Loadall telescopic handlers
  • Colombia’s fourth generation road project tenders underway
    February 4, 2013
    The National Infrastructure Agency (ANI) in Colombia has opened a tender process for the first four out of 30 fourth generation road projects in the South American country. A total of US$24.75 billion (COP 44tn) is to be invested in the projects. The pre-qualified bidders will be known in around six weeks. The contracts will be awarded in September. The fourth generation road projects will be located in Costa Caribe, Valle del Cauca and Cundinamarca. They include the 164km Caqueza-La Calera-Sopo corridor, t
  • Future of road user charging: IRF convenes leaders’ roundtable for discussion
    April 6, 2020
    Charging for the use of roads is not a new practice, dating as far back as the 7th century BC, but its recent rate of expansion has been staggering.