The ministers give a green light to 6 billion pounds

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The ministers are scheduled to move forward at a road tunnel of 10 billion pounds between Kent and Acex called the lower Times crossing after years of delay, as the private sector is expected to fund a lot of the project.

On Tuesday, the Ministry of Transport will agree to the prolonged approval of the project, according to UK government officials.

The 14 -mile tunnel and tunnel will be the first new Times River in East London 60 years ago.

The government is looking for positive advertisements to provide it before the Spring statement of Rashil Reeves on Wednesday, which is expected to be dark, while reducing growth expectations and discounts in spending on deep sections.

One official said the project will be a “major strategic road” for drivers, shipping and logistical services, which improves communication between southern England and Midlands and the abolition of regional economic growth.

They said: “This indicates the commitment of this government to provide the vital infrastructure that the country needs.”

This scheme has become a symbol of the solid planning system in Britain, as it spent more than 1.2 billion pounds in the project despite the construction yet.

Money has been spent on planning, consultations, traffic modeling, environmental assessments, legal and consulting fees and land purchase.

The project planning document is turned on to 359,070 pages, equivalent to nearly 300 times from the full work of Lilim Shakespeare.

The cost of the tunnel project has already increased from 5.3 billion pounds and 6.8 billion pounds, when it was agreed for the first time in 2017 on current expectations of about 10 billion pounds.

The construction is expected to start in 2026 or early 2027 before the opening of a plan by 2032.

The government has not yet decided on the special financing method to be used in the project, with an expected decision later this year by the treasury.

A suggestion that there will be a “RAB” (RAB) model – where investors from the private sector collect the revenues of the dead from the road to pay their investments over the life of projects – by the treasury, according to people who have knowledge of discussions.

This cabinet option will cost 200 million pounds in pre -costs, if the government paid directly against the plan, according to the recent national highway document.

The model, which was used in the new Tideway Sewer in London, will require approximately 2 billion pounds of taxpayers to attract 6.3 billion pounds from private investment, and took the total cost of the project to at least 9.4 billion pounds.

National highways say that there is likely to be a “market interest for the option to hand over the organized special entity”, citing projects that use the same structure, including the Sizewell C.