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Government introduces infrastructure guarantee bill

The government is today introducing its Growth and Infrastructure Bill that that the government says will help underwrite up to £40bn worth infrastructure projects.

The new loan guarantee scheme - unveiled in July - is aimed unlock projects that have stalled due to adverse credit conditions.

Crossrail’s £1bn rolling stock programme was the first beneficiary of the scheme last month. Other projects in discussion with government include the £600M Mersey Gateway near Liverpool and the £4bn Thames Tideway project.

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