THE GOVERNMENT is one step closer to guaranteeing the riskiest stages of forty planned infrastructure projects, Treasury minister Danny Alexander has said today.
The scheme will offer guarantees worth up to £40bn in an effort to reduce the risk for investors.
Forty have passed the first hurdle, proving they are eligible for the guarantees, and now face further rounds of discussion to finally be offered the support. They are worth £33bn in total.
“Getting our infrastructure right means we can be competitive, boost growth and create jobs across the UK,” said Alexander.
“What we see today is the extent to which the government is reaching out to help the private sector build Britain’s key infrastructure.”