Latest Rail News

29.10.18

Budget: Hammond announces £37m for NPR and £20m for EWR

The Chancellor Phillip Hammond has today announced additional funding for the Northern Powerhouse Rail (NPR) and East-West Rail (EWR) projects.

NPR, which will connect cities across the north of England, will receive £37m; and the EWR project will receive £20m to push forward its central section between Winslow, Milton Keynes and Bedford.

Earlier this month, the boss of HS2 Phase 2b Paul Griffiths spoke exclusively to RTM to reveal that the one year set-back for the high speed rail link’s legislation was so that NPR could play an “essential” role in the bill.

He guaranteed that the delay will ensure NPR forms a key part of HS2, which is something that the leaders across the industry have been campaigning for. “It’s making the best use of the HS2 asset so that that can be used wherever possible to support NPR,” Griffiths explained.

Phase one of the EWR between Oxford and Bicester has already completed, with phase two to begin construction by 2019.

Transport secretary Chris Grayling said EWR will “transform the journeys in one of Europe’s most vibrant economic regions,” providing passengers and businesses with a transport system that unlocks economic opportunity and drives forward new housing and jobs.

However, just last week, the Crossrail project received a £350m government loan after further delays to the project, and a failure to report said delays, prompted a Financial Conduct Authority investigation.

Many will welcome this extra funding for NPR, but in comparison to the Crossrail funding, may come as a bittersweet announcement.

Top image: Chris J Ratcliffe via PA Wire/PA Images 

 

Enjoying RTM? Subscribe here to receive our weekly news updates or click here to receive a copy of the magazine!

Comments

There are no comments. Why not be the first?

Add your comment

 

Rail industry Focus

View all News

Comment

The challenge of completing Crossrail

05/07/2019The challenge of completing Crossrail

With a new plan now in place to deliver Crossrail, Hedley Ayres, National Audit Office manager, major projects and programmes, takes a look at ho... more >
Preparing the industry to deliver trains for the future

04/07/2019Preparing the industry to deliver trains for the future

The move to decarbonise the rail network involves shifting to cleaner modes of traction by 2050. David Clarke, technical director at the Railway ... more >

'the sleepers' blog

Connecting Network Rail with the supply chain

17/09/2019Connecting Network Rail with the supply chain

Continuing our mission to connect buyers with suppliers, This year TransCityRail North is adding a new element to the event. We are introducing an incomparable opportunity for you to meet with over 11 procurement directors from Network Rail... more >
read more blog posts from 'the sleeper' >

Interviews

Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

24/06/2019Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

Andrew Haines, the Chief Executive of Network Rail, has told the Today programme on Radio 4's BBC’s flagship news programme that he would not rule out his organisation issuing future r... more >
Malcolm Holmes, executive director of West Midlands Rail Executive, announced as TCR Midlands speaker in Birmingham

24/06/2019Malcolm Holmes, executive director of West Midlands Rail Executive, announced as TCR Midlands speaker in Birmingham

Ahead of his appearance, Malcolm Holmes spoke with Rail Technology Magazine about what key leaders in the industry were doing to improve rail in the Midlands. He said: “It’s very... more >