Govt to sell 40% Eurostar stake

The Government will announce plans to sell its 40% stake in Eurostar as part of wider plans to privatise £20 billion of assets by 2020. It is to reveal details of its £375bn public and private investments in infrastructure projects across the UK.

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Details of Govt infrastructure investment

The Government will today raise the amount it expects to be invested in infrastructure projects in the UK from £309 billion last year to more than £375 billion.

Almost 300 of the 646 projects and programmes are already under construction.

Chief secretary to the Treasury Danny Alexander is expected to announce:

  • The building of the UK's first toll road in a decade is to be scrapped. The A14 between Cambridge and Huntingdon will not introduce a fee for use after the improvement scheme, due to start in 2016, is completed.
  • The railway station at Gatwick Airport will receive £50 million for redevelopment.
  • A Government guarantee could support finance for the development of a new nuclear power station at Wylfa on Anglesey.
  • The tube's Northern Line £1 billion extension to Battersea in south west London will be guaranteed.
  • Improvements to the A50 around Uttoxeter in Staffordshire will start no later than 2015/16.
  • A £10 million competitive fund to open in early 2014 to test ways to deliver superfast broadband to remote areas of the UK.

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