Britain Approves $13 Billion Thames Tunnel to Boost Economy

Britain has approved a $13 billion infrastructure project to build a road tunnel under the River Thames. Backed by the Labour government, the Lower Thames Crossing aims to improve connectivity and drive economic growth, despite challenges in planning and higher costs.

Britain has given the go-ahead for a $13 billion road tunnel under the River Thames, a project expected to bolster the country's sluggish economy. The Labour government, elected last year, prioritizes rapid infrastructure planning to enhance growth. The latest plan follows the expansion of Heathrow and Gatwick airports.

Prime Minister Keir Starmer emphasized the importance of such developments by stating, "When I said I would back the builders, not the blockers, I meant it." Transport Secretary Heidi Alexander granted development consent for the Lower Thames Crossing, a project promising faster, safer, and more reliable journeys.

The tunnel will link Kent and Essex, improving road capacity and connectivity, especially for goods movement. Despite its rising costs—now estimated at 10 billion pounds—and lengthy planning process, the government remains committed, with discussions on private financing options underway.

(With inputs from agencies.)