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The prime minister will reveal today (March 19th) that the government is looking at the possibility of permitting private companies to invest in the English road network

David Cameron is due to address an industry event and will use his speech to point out the country is falling behind many of its rivals in the condition of its highways and that more infrastructure spending is required.

Speaking ahead of the annual Budget speech by chancellor George Osborne on Wednesday, Mr Cameron will state a new approach is required to ensure the road network does not deteriorate further.

He is due to tell the Institution of Civil Engineers: "We need to look urgently at the options for getting large-scale private investment into the national roads network - from sovereign wealth funds, pension funds, and other investors."

Experts have been charged with examining the possibility of overhauling the funding, ownership and management of roads.

However, AA president Edmund King has expressed concern that the proposals could lead to a national road pricing system in the future

Written by Scott Buckler
Monday, 19 March 2012 11:11
tags:Roads

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