Alexander unveils National Infrastructure Plan - Adur & Worthing Liberal Democrats
Adur, West & East Worthing Party including East Arun

Alexander unveils National Infrastructure Plan

Liberal Democrat Chief Secretary to the Treasury Danny Alexander has published the Coalition Government’s National Infrastructure Plan – a plan for more than £375bn of public and private sector investment in energy, transport, flood defence, waste, water and communications infrastructure up to 2030 and beyond.

It comes on the day that six major insurers announced plans to collectively invest £25bn in UK infrastructure over the next five years. Much of this investment could go into the projects published today.

Commenting, Danny Alexander said:

“The Liberal Democrats are building a stronger economy in a fairer society, enabling everyone to get on in life.

“Our economy is growing because of the hard work of people and businesses throughout Britain. But the Coalition’s economic plan is the rock on which our recovery is being built – it wouldn’t be happening without the Liberal Democrats.

“The announcement today that six major insurers will invest £25bn over the next five years is a massive vote of confidence in the UK economy. It supports the wider £100bn public investment to rebuild Britain over the next seven years that I announced at the Spending Round 2013. Underground, overground, on shore, offshore, wired or wireless, tarmac or train track. You name it, we’re building it right now.

“This is great news for the people of the UK because after years of neglect, the UK’s energy, road, rail, flood defence, communications and water infrastructure needs renewal. It will boost the UK economy creating jobs and making it easier to do business. It will also make the UK a better place to live for everyone who calls it their home.”

Notes:

Building on the announcement at the Spending Round 2013 of £100bn of capital investment in specific infrastructure projects, the government will also announce tomorrow that it will:

  • sign an agreement with Hitachi and Horizon to support the financing of the development of a new nuclear power station at Wylfa in North Wales through a UK guarantee, subject to final due diligence and ministerial approval
  • provide a further £50m for a full redevelopment of the railway station at Gatwick Airport
  • confirm strike prices for renewable energy, so that energy providers know how much they will receive for electricity generated in the future
  • take forward steps to convert public sector car fleets to electric vehicles investing £5m in a pilot during 2014-15
  • fund improvements to the A50 around Uttoxeter starting no later than 2015/16
  • confirm that there will be no tolling on the planned A14 scheme between Cambridge and Huntingdon, construction of which is planned to start in 2016
  • confirm that a UK guarantee has now been agreed for the £1bn Northern Line extension to Battersea, unlocking a development the size of the Olympics in the Nine Elms area
  • announce a £8.8m guarantee for new energy efficient lighting systems across NCP car parks in the UK
  • create a new court for infrastructure to avoid unnecessary delays in the planning process for major projects
  • open a £10m competitive fund in early 2014 to test innovative solutions to deliver superfast broadband services to the most difficult to reach areas of the UK. Options may include enhanced mobile services, fixed technologies and alternative approaches to structuring financial support, working closely with the communications industry
  • build on the Spending Round commitment of £2.3bn capital investment for flood defences by developing a new long-term plan, including naming key projects by Autumn Statement 2014
  • The target for the sale of corporate and financial assets will be doubled from £10bn to £20bn between 2014 and 2020, including the Government’s shareholding in Eurostar
  • The Government will also look at options to bring private capital into the Green Investment Bank to enable it to operate more freely in delivering its objectives

For more information, see here: https://www.gov.uk/government/news/new-infrastructure-plan-published-by-government

Published and promoted by Tim Gordon on behalf of the Liberal Democrats, both at LDHQ, 8-10 Great George Street, London, SW1P 3AE.