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Britain Set For £7bn Transport Investment

kunle kunle by kunle kunle
January 11, 2024
in Headline, World News
Reading Time: 2 mins read
Britain Set For £7bn Transport Investment
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Britain’s upcoming budget will invest almost £7.0 billion ($9.6 billion, 8.3 billion euros) on transport outside London, the Treasury said on Saturday, as part of plans to cut economic inequality.

Finance minister Rishi Sunak will unveil the transport initiative during his autumn budget and spending review due on Wednesday.

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Prime Minister Boris Johnson’s so-called “levelling up” programme is seen as vital to keeping voters in former strongholds of the main opposition Labour party who backed him in the 2019 general election.

His Conservative party won a swathe of seats in northern England on a promise to deliver Britain’s Brexit divorce from the European Union, as well as boost jobs and growth.

Commuters, some wearing face coverings to help prevent the spread of coronavirus, ride a Transport for London (TfL) underground train in London on October 20, 2021. PHOTO: TOLGA AKMEN / AFP

 

Recipients of the transport project cash include regions in the former Labour “red wall” that turned Tory blue two years ago and will be seen as payback for their support.

According to the finance ministry, the government will invest £5.7 billion in city regions to boost productivity via train and station upgrades, and tram network expansion.

It will also inject £1.2 billion into overhauling bus services

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