Cryptic crossword clue
Rate rise for renovating major roads 8

The most common and most likely answer to this crossword clue is the 8 letter word ARTERIES

I've seen this crossword clue in The Daily Telegraph
A
R
T
E
R
I
E
S

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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does ARTERIES mean?

ARTERIES noun
  1. An efferent blood vessel from the heart, conveying blood away from the heart regardless of oxygenation status; see pulmonary artery.
  2. A major transit corridor.

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