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British Insurance to invest 41 Billion in Infrastructure

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British Insurers to Invest $41 Billion in Infrastructure

The U.K.’s largest insurance companies will invest 25 billion pounds ($41 billion) in infrastructure, the government announced as it prepares to publish new plans for projects from energy and transport to communications.

As part of an updated strategy for its National Infrastructure Plan, the government will also double its target for the sale of corporate and financial assets to 20 billion pounds, including by selling its stake in Channel Tunnel express-train operator Eurostar Group Ltd., the Treasury said. Continue reading