Wednesday 18 July 2012
Rail Investments / UK

UK: Investing in rail, investing in jobs and growth

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More than 12 billion euros of growth-boosting railway upgrades across England and Wales – representing faster journey times, more reliable services and capacity for 140,000 extra daily commutes by train – have been announced by UK Transport Secretary Justine Greening.

The full 12 bn euro programme of improvements to the rail network published on 16 July will meet the needs of intercity passengers, commuters and freight up to the end of this decade while the Government continues to work on High Speed 2 to deliver rail capacity for the British economy in the decades to come.

Transport Secretary Justine Greening said: “Investment on this scale, in every region of the country, shows how this coalition government is focused on delivering an affordable, reliable and faster railway network that drives jobs and growth.
“These plans to increase capacity and shorten journey times on intercity, commuter and freight services are, alongside our plans for high speed rail, absolutely key to securing our country’s prosperity in the decades ahead.”

The investment was also hailed by the Prime Minister, Deputy Prime Minister and Chancellor of the Exchequer.

Prime Minister David Cameron said:
“From Crossrail, high speed rail and now the billions of pounds of investment we are announcing today, this government is committed to taking the long-term decisions to deliver growth and jobs.

“In what is the biggest modernisation of our railways since the Victorian era this investment will mean faster journeys, more seats, better access to stations, greater freight links and a truly world class rail network.”

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(Source: UK Department for Transport)

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