Article 6PYC5 Rachel Reeves ponders private finance to help fund £9bn Lower Thames Crossing

Rachel Reeves ponders private finance to help fund £9bn Lower Thames Crossing

by
Phillip Inman
from on (#6PYC5)

Chancellor looks at handing income from tunnel tolls to investors in UK's largest infrastructure project

The Treasury is investigating how to attract private finance to bring down the cost of the UK government's largest planned infrastructure project, the 9bn Lower Thames Crossing.

Rachel Reeves's department is considering handing over the income from tolls to a private consortium in return for a cash injection that would reduce the cost to the public purse.

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