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Government publishes details of infrastructure pipeline

Government publishes details of infrastructure pipeline

The government has published details of its infrastructure programme in one single guide for the first time, showing over £500 billion of projects are on the way.

Thousands of construction jobs will be created in a wide array of schemes, from road and rail projects through to flood defences, sewerage and energy undertakings. The construction of more homes has also been given a high priority.

Just over 40 per cent of the funding is coming directly from the government, including the £23 billion infrastructure productivity fund announced in the Autumn Statement. Keen to tackle the country's infrastructure gap, the government has said an improvement of just one per cent would add £240 billion to the economy's output in a decade, the equivalent of £9,000 per family.

The bundling of all the projects into one guide will help suppliers and investment partners access information more easily. Extra cash for projects will come from the private sector, including overseas investors such as China.

Commenting on the plans, chief secretary to the Treasury David Gauke said: "This record infrastructure pipeline is set to make a real difference to people’s lives from quicker and easier journeys, to better broadband access, and building more homes for people who need them in high demand areas.

"It is clear proof that we are absolutely committed to ensure our infrastructure is fit for the future."

Among the investment commitments are £7.2 billion for new housebuilding, £2.6 billion for transport developments and millions more for broadband. Road projects include upgrading the A14 and the newly-announced faster link between Oxford and Cambridge.

However, much of the money will be used for less eye-catching projects, such as the Thames Tideway Tunnel.

Known as the 'super sewer', it will increase London's drain capacity well beyond that of its current Victorian system, ensuring that when there is heavy rain there will not be an overflow of sewage into the Thames, a frequent occurrence at present.

Image: iStock

 

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