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July 17, 2012

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Home » Business » Transport

Britain to upgrade railway network

BRITAIN is to invest 9.4 billion pounds (US$14.6 billion) upgrading the country's rail network, including 4.2 billion pounds on new schemes such as reopening a line that will provide better access between northern Britain and ports on the south coast.

Other new projects include electrification of lines in the Welsh valleys and the London-Sheffield service, and a 500 million pound link that will better join London's Heathrow airport to the national rail network.

Building work on the projects, which the government predicts will deliver capacity for an extra 140,000 daily commutes, will not start before 2014. It covers the 2014-19 period.

"This investment will mean faster journeys, more seats, better access to stations, greater freight links and a truly world-class rail network," Prime Minister David Cameron said in Birmingham.

The plan includes 5.2 billion pounds for the completion of current schemes, such as the all-new Crossrail that will cross London east-west, and an upgrade of Thameslink.

The government said the plans would be funded, in part, from previously announced fare rises.





 

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