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FTA welcomes £9.5bn infrastructure spend

The Freight Transport Association has welcomed plans announced by the Chancellor of the Exchequer, George Osborne to invest £9.5 billion in UK infrastructure, for the period starting April 2015.

“We welcome the additional funding for infrastructure projects, and are anxious to work with the government to make sure it is invested in those projects on which economic recovery depends, said James Hookham, the FTA’s managing director, policy communications.

The infrastructure plans were outlined by Danny Alexander, chief secretary to the Treasury, in the Commons.

He said the need for a long-term infrastructure investment plan was vital in ensuring that Britain could compete in the global race.

“The government is right to recognise that transport investment is key to the economic recovery; however it is vital that the money made available today is put to work in the right places to deliver the biggest possible benefit to the country,” said Hookham.

The total investment includes more than £70 billion on transport, more than £20 billion in schools and £10 billion in science, housing and flood defences.

Changes made within the UK’s transport sector will see the launch of HS2, a new nationwide rail network hoping to enable two-thirds of northern England to reach London within two hours.

The government also plans triple the money spent on roads by 2020 to 2021, compared to 2013.

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