– Mark Stephenson, North East Chamber of Commerce
While there are no new projects or investment proposals included in the Infrastructure Plan, the timetable provided for some key North East projects will be welcomed by businesses.
Around £700m will be spent on regional road and rail infrastructure projects in the next three to five years - an investment that is long overdue."
The Government has confirmed that the North East will benefit from £700 million of infrastructure spending.
The regional funding is part of the National Infrastructure Plan, which was unveiled today.
The money will primarily go on road projects in the region but the East Coast Main Line will also benefit, improving connections to London and Scotland.