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.”