More power to Qatar as it eyes further £10bn investment in UK infrastructure

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It might own Harrods, the Shard and even a stake in Heathrow airport owners BAA, but for the Qataris that’s simply not enough.The Middle East state is now believed to be in talks with UK ministers to stump up £10bn for UK road, rail and other infrastructure projects.The FT reports that Qatar is keen to fund EDF’s £14bn nuclear reactor at Hinkley Point in Somerset since UK firm Centrica opted out last month.Back in January, David Cameron hosted a reception at Downing Street with the Emir of Qatar and the Qatari Prime Minister as guests of honour and is known to have discussed the matter.The news comes following a string of initiatives which have been announced in a bid to boost infrastructure projects in the UK. In 2011, the Government unveiled its National Infrastructure Plan to raise £20bn from private sector investors.Last July, the Government also announced pumping £40bn into infrastructure projects. However, the only project to get a go ahead so far is the £1bn Northern Line underground extension to Battersea.George Osborne is additionally expected to announce Britain’s open to overseas investment in the upcoming budget.

via More power to Qatar as it eyes further £10bn investment in UK infrastructure | News | LondonlovesBusiness.com.

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