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Infrastructure
HS2 Railway Project Cost Estimate Soars to £66 Billion Pounds in Latest Management Assessment
Britain's flagship high-speed rail project, HS2, is facing fresh scrutiny as internal management estimates suggest costs could reach £66 billion, marking a substantial £9 billion increase from previous projections.
The concerning figures…
Newcastle International Airport Stake Sale Attracts Saudi Investment Interest As Price Tag Hits £1…
A significant stake in Newcastle International Airport is poised to enter the market, potentially commanding a valuation of up to £1 billion, with Saudi investors emerging as leading contenders in Britain's latest airport ownership shuffle.…
HS2 Euston Station Costs Soar Past £75 Billion Pounds in Latest Government Assessment
Confidential government documents have revealed the escalating costs of extending the High Speed 2 rail link into London's Euston station, with the total price tag now exceeding £7.5 billion. The documents shed light on the mounting…
Keir Starmer Seeks Saudi Investment During Controversial Gulf States Visit
Labour leader Keir Starmer is set to meet Saudi Arabia's Crown Prince Mohammed bin Salman during a diplomatic mission aimed at securing crucial infrastructure investments for Britain. The high-stakes visit, commencing this weekend,…
Thames Water Creditors Block Emergency Loan Use for Regulatory Fines
Major creditors of Thames Water have issued a firm directive to Britain's water regulator, stating that a proposed £3bn emergency loan cannot be used to settle outstanding fines. The UK's largest water utility, serving 16 million customers,…
Tory Party Treasurer Leads £4bn Thames Water Rescue Bid With Castle Water Partnership
A significant development has emerged in the ongoing Thames Water crisis as Graham Edwards, the Conservative Party treasurer, heads a consortium aiming to rescue the troubled utility company. The proposed £4 billion rescue package involves…
Moroccos Ambitious 4000km Subsea Power Cable Project Could Transform UK Energy Landscape
In a groundbreaking development for Britain's renewable energy sector, former Tesco chief Sir Dave Lewis is spearheading an extraordinary venture to construct the world's longest undersea power cable, connecting Morocco's abundant solar…
End of the Line for Private Rail as Labour Ushers in New Era of State Control
Britain's historic railway privatisation experiment concluded on Thursday, marking the end of a contentious three-decade journey and initiating the complex task of renationalising an industry in crisis. The Labour government's cornerstone…
UK Water Industry Named Most Risky European Utility Investment Says Barclays Survey
A comprehensive Barclays survey has revealed the UK water sector stands as the riskiest utility investment across Europe, raising serious concerns for potential investors and existing stakeholders alike.
The research, which gathered…
Brookfields 12 Billion Pound Sale of PD Ports Attracts Potential Bidders
As Canadian owner Brookfield Asset Management prepares to auction off PD Ports, a Teesside-based operator with 1,400 staff across 11 UK locations, potential bidders are lining up for the £1.2 billion sale. Investment banks have reportedly…
Ofwat Crackdown on Sewage Failings Could Cost UK Water Sector 2 Billion Pounds in Penalties
The UK's water sector is preparing for potential penalties amounting to £2 billion over the next five years, as the regulator Ofwat intensifies efforts to tackle sewage issues. A recent report from Moody's, a leading ratings agency,…
UK transport minister demands ‘immediate action’ on rail reliability
The UK Transport Secretary has called for train companies to "take immediate action" to improve reliability, while launching an investigation into the "worse performance" of Britain’s railways.
Louise Haigh, the British Transport…
Green investments to begin ‘immediately” with the new £7bn National Wealth Fund
The Chancellor Rachel Reeves announced that the new flagship National Wealth Fund of £7.3bn to decarbonise Britain’s heavy industry would start investing "immediately" in areas like green steel and megafactories.
She announced on Tuesday…
After UK landmark pollution ruling, water companies are facing legal challenges
A landmark Supreme Court judgment ruled that individuals and private landowners can sue water companies for sewage discharged into UK waters.
The lawsuit is one of many that water companies are facing as the anger grows over the storm…