New rail projects to be put on hold under five-year Network Rail strategy
Network Rail has published its strategy for 2019-2024, which outlines plans to maintain railway lines rather than fund new projects; impacting the funding behind the new Northern Powerhouse Rail project.
A total of £18.5bn will go into the operation and maintenance side of the Network Rail business and a similar amount will be allocated for renewing and replacing old infrastructure, including signalling systems.
There is £10.1bn set aside for new projects, with the majority of that likely to go on improving the line between Ma... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
