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As reported in Highways Magzine the Government has announced plans for a Highways (Financing) Bill to introduce a new Regulated Asset Base (RAB) model, aiming to attract private investment into road projects, with the Lower Thames Crossing set to be the first scheme.
The Bill will allow private companies to deliver major road schemes under licence, overseen by an independent regulator to ensure performance, fair costs, and maintenance standards. Safeguards will protect public assets if a company fails. The approach, already used in sectors like energy and aviation, is intended to accelerate infrastructure delivery while reducing the burden on taxpayers.
