Britain to set up national infrastructure bank to drive investment amid pandemic

Source: Xinhua| 2020-11-21 10:18:40|Editor: huaxia

LONDON, Nov. 21 (Xinhua) -- The British Treasury announced Friday that it will launch a national infrastructure bank to co-invest alongside the private sector in key infrastructure projects, like transport, renewable energy and digital connectivity.

Chancellor of the Exchequer Rishi Sunak is set to unveil plans next week for the new bank, which is expected to invest more than 600 billion pounds (800 billion U.S. dollars) over the next five years, as the government has promised.

Infrastructure investment will incentivize "better and greener" construction in the country to help resist the ravaging pandemic, according to Sunak. Enditem