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Organization will be co-chaired by international trade minister Greg Hands and Wates chairman James Wates
Funding will also be available to help build new schools, healthcare centres and digital infrastructure
Housing and public inquiry into Grenfell Tower tragedy also featured in the state opening of Parliament
Firm had argued that original 拢16m figure handed to it last March was excessive
Construction on high-speed rail scheme started too early, new chief tells MPs
New name comes after sale to private equity in August
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