Cameron and Osborne big-up £36bn plans for infrastructure

Grant Prior 10 years ago
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David Cameron and George Osborne made a rare joint visit to a Skanska site on Tuesday today to highlight £36bn of planned infrastructure investment for 2014 to 2015 which could support over 150,000 construction jobs.

The Prime Minister and the Chancellor are keen to promote the fact that 200 projects in rail, road, local transport, flood defences, broadband, airport infrastructure and waste management are due to start construction over the next two years.

More than 200 infrastructure projects are also due to be completed this year

For a full list of the schemes click here

The £36bn of planned investment consists of £5bn of public money, £21bn in private cash and £10bn in joint public and private investment.

Cameron said: “Ensuring Britain has first class infrastructure is a crucial part of our long term economic plan: supporting business, creating jobs and providing a better future for hardworking people.

“As a crucial part of our long-term economic plan, this government is backing business with better infrastructure so that more jobs and opportunities are created for hardworking people, meaning more financial security and peace of mind for families.

Osborne added: “Because of the tough decisions we have taken in day to day spending, we can prioritise public investment where it is most needed and create the right conditions for private investment in infrastructure where it brings value for the taxpayer.

“So this year over 200 new projects worth an estimated £36 billion are due to start, creating thousands of jobs, securing future growth and delivering the world class infrastructure Britain deserves.

“The government has also taken radical action to unlock and stimulate private sector investment, which is expected to make up the majority of UK infrastructure investment between now and the end of the decade.

“This has included setting out a plan to generate a wave of new investment in our energy infrastructure through the biggest change to the electricity market since privatisation, and the provision of up to £40 billion of support for critical infrastructure projects through the UK Guarantees Scheme.”

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