£175m motorway link
Europe’s long term lending institution, the European Investment Bank, has agreed to contribute £175m towards the completion of the motorway link between Glasgow and Edinburgh. The investment programme will include both completion of the M8 between the cities and major improvements to the M73 and M74. The new Motorway Improvements Project is expected to bring reduced congestion, as well as safer and quicker journeys. Over the last five years, the European Investment Bank has provided over £4bn for transport investment across the UK.