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<p>The Government directly finances strategic transport infrastructure through various
funds. This includes Control Period 6 (which will invest almost £48bn in the railway
network over the period 2019-2024) and the second Road Investment Strategy (which
will invest £25.3bn in the strategic road network over the period 2020 - 2025).</p><p>The
Chancellor announced at Budget 2018 that PFI and PF2 would no longer be used for new
government projects, and the Treasury will not be seeking a like-for-like replacement
for these models. The Treasury remains open to private finance for government-funded
projects, and is consulting on this as part of the Infrastructure Finance Review,
as announced in the Spring Statement.</p>
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