Lower Thames Crossing project awarded £590m by Rachel Reeves
In order to build Britain’s largest road tunnel, a project was given £ 590 million by the government.
Building the Lower Thames transition connecting Tilbury and Gravesnd in the Kent will cost 10 billion pounds.
Plans for 14.5 miles (23km) route Approved in March After a 16 -year period, it already cost £ 1.2 billion.
Chancellor Rachel Reeves said that the transition will “help the passage of softer, less vital goods from Europe to our regions”.
It came as a part of a pound of pounds to improve the transport infrastructure throughout the UK, announced on Monday.
The government said he was looking for Source Private Finance It brands as a “national priority” to build the Lower Thames transition.
National Highways hoped that the road would reduce the traffic in Dartford Crossing by 20%.
Before an expected opening until 2032, the construction was expected to begin in 2026.
“This is a turning point for our national infrastructure, and we support it with financing to support our national infrastructure and thousands of jobs and connect communities.” He said.
“This project is necessary to increase the flexibility of a key load route and is critical for our long -term trade with Europe.”
The road will connect the A2 and M2 in the City with A13 and M25 in Thurrock.
The route will be about 2.6 miles (4.2km) underground, the tunnels that go north and go to the south are working side by side under Thames.
The financing announcement was welcomed by Logistics UK, representing the transportation and logistics sector.
“Efficient logistics with minimum delays, the government is critical of the critical importance for the delivery of the growth agenda with minimum delays, and our members are happy to hear that financing is provided to start working in the Lower Thames transition, which has been planned for a long time after a ten -year waiting in this vital change.” He said.
He said: “The government also has to create a plan to provide all the financing and securing the project to complete the project – our members deserve to deliver efficiently for the sector they support, so that the economy can benefit.”
But campaignists, The old forest is affected by the works.
Chris Todd, Director of Transportation Action Network, said the decision was “absolute madness” before.
“The only way for the government to meet this white elephant is to get money from all other nations and regions in the United Kingdom.”
