Bosses Hail Clegg's Gear Change on Infrastructure

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Byline: Peter Campbell

BRITISH business leaders have welcomed the government's proposals to fast-track major infrastructure projects in an effort to get the economy growing.

The CBI and Chambers of Commerce both welcomed the decision, which is seen as a governmental gear change on growth.

The largest 40 ventures, which will include high speed broadband rollout, the national grid, improvements to the rail network and road de-congestion, will be hand-picked for 'special priority status', Nick Clegg announced yesterday. CBI director-general John Cridland said: 'Nick Clegg has recognised that investment in infrastructure is one of the best ways to strengthen the economy and said that Whitehall will put its foot on the accelerator.'

Adam Marshall, director of policy at the British Chambers of Commerce, said: 'Anything the government can do to get business infrastructure built faster is positive.

'It cannot be right that it takes us 18 years to build an airport terminal and our key European rivals less than five. …