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

  • Thirst for Infrastructure: The Belt & Road Initiative
    November 8, 2017
    Susanna Zammataro, IRF Geneva, writes: The China Highway and Transportation Society (CHTS) – an esteemed member of IRF – will be hosting a special Session on the Belt and Road Initiative during the IRF World Meeting in Delhi, 14th-17th November 2017. Last May, president Xi Jinping welcomed 28 heads of state and government to Beijing to celebrate the “Belt and Road” initiative, an ambitious plan in terms of infrastructure development, but also in terms of foreign policy. Launched in 2013 as “One belt, On
  • Road maintenance crisis hits UK and US, as experts gather in Paris
    January 9, 2015
    The road maintenance crisis in the United Kingdom and the United States is deepening amid estimates that it will take millions of dollars to stop highway infrastructure from crumbling, including falling prey to potholes. A recent report by the BBC in the UK said that at least one municipal council, the city of Leeds, is facing a bill of nearly US$153 million to patch up its potholed roads. In the United States, Senator Bernie Sanders is t
  • China transport investment
    November 27, 2012
    In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending over the next few years, some US$157 billion, particularly in extending the country’s high speed rail network. Some $4.45 billion will be invested in transport infrastructure in 2012. Of the total, $790 million will go on rural road improvements, of which 88% will be used in the central and western regions
  • JCB feel Brazil-liant after landing US$96.4mn tender
    May 15, 2012
    JCB has won one of the biggest single tenders in its history with an order for more than 1,000 machines worth over US$96.4million from the Brazilian Government. The UK-headquartered company beat off competition from other major global manufacturers to secure the deal for the fleet of backhoe loaders, which will be used to improve the road infrastructure in the country. The first 114 of the 1,016 backhoes have now been delivered and the keys to one of the first machines handed over by Brazilian President Dil