£11bn of transport projects could qualify for state guarantees

The Government is inviting applications for state guarantees for private borrowing needed for transport infrastructure in order to kickstart projects that have stalled because it is hard to obtain credit.

The Treasury said that the £11bn of transport projects of national significance in its Government Construction Pipeline could qualify for the guarantees which, subject to legislation, could be awarded from the autumn.

Projects will also be subject to a “robust assessment and...

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