Energy, road and rail projects worth £33bn have passed the first hurdle in getting a government infrastructure guarantee.

Chief Secretary to the Treasury, Danny Alexander today revealed 40 projects have passed the prequalification stage and named a dozen of the new projects in the pipeline.

More than half  are energy projects with two university campus redevelopments making the first cut alongside a major mixed-use housing scheme for Aberdeen.

They join Drax, the London Underground Northern line extension, Mersey Gateway and Hinkley Point, which are all further along in the process for a UK Guarantee.

If successful the schemes will see the Government underwrite each project as part of a £40bn pledge pot, giving private lenders confidence that they will get their cash back if the projects cannot pay.

Latest named projects

Prequalified

  • University of Roehampton campus redevelopment in South London
  • £330m Northampton University campus relocation
  • Countesswells mixed-use development in Aberdeen for 3,000 new homes
  • Gas-fired power stations in Spalding in Lincolnshire and Gateway Energy Centre in Essex for Intergen
  • Tilbury Green Power 60 MW wood fired power generation plant in Essex
  • £300m Avonmouth biomass plant for Helios Energy
  • Neart Na Gaoithe 450MW Windfarm in the outer Forth Estuary, Scotland
  • Able Marine Energy Park on Humberside to support offshore wind farms
  • Chinook Energy plants, producing renewable energy from waste at sites around the UK
  • Gasrec producing low carbon Bio-LNG fuel for UK commercial vehicle fleets
  • Five Quarter Energy plant to process unconventional gas extracted from below the North Sea
  • Islandmagee gas storage project in Northern Ireland worth £400m.

Already  prequalified

  • £1bn London Underground Northern Line Extension
  • Mersey Gateway bridge
  • £14bn Hinkley C nuclear power in Somerset

Agreed

  • Drax for the partial conversion of their coal-fired power station to biomass