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21st November 2016
Infrastructure investment is set to be a central piece of Wednesday’s statement, being seen as a crucial part of the Government’s strategy for driving long term economic growth and lifting UK productivity.
The Chancellor is poised to announce £1.3 billion of additional funds for local and national road projects in this Wednesday’s Autumn Statement. In particular the Treasury is seeking to fund quick-turnaround infrastructure projects and upgrades to existing networks that would help to relieve road congestion.
The roads investment will include £220m to tackle "pinch-points" on Highways England roads as well as funds for local road schemes. Glenigan data reveals a firm pipeline of projects that have cleared the planning hurdles and can potentially be quickly brought on to site.
Upgrading the UK’s rail network and the delivery of major rail infrastructure projects such as Crossrail has been the focus of Government policy in recent years. The additional funding promises to reverse the decline in the value of road construction output over the last three years.
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