Chancellor gives £40bn to stalled projects

The Government has unveilled measures to kick-start stalled major infrastructure projects.

The Chancellor of the Exchequer, George Osborne has released £6bn in temporary Government loans to ensure around 30 public-private partnership infrastructure projects can go ahead.

This is alongside a UK guarantee designed to underwrite financing for £40bn of stalled projects within the National Infrastructure Plan.

As well as infrastructure projects, the loans will also be available for housing, health and education projects.