Latest Rail News

27.06.13

DfT capital budget increased to £9.5bn

Chancellor George Osborne announced that the DfT will be required to make 9% savings in its resource spending over 2015/16 in his spending review yesterday.

But the department will see its capital budget rise to £9.5bn. The railways are also set to benefit from new infrastructure projects, with more detail announced today by chief secretary to the Treasury Danny Alexander, from £50bn of investment in 2015.

The Government is “looking at the case” for Crossrail 2, Osborne said, and announced that the Mayor of London, Boris Johnson, will take control of £9bn of capital spending to the end of the decade.

He added: “We should give a green light to HS2.”

Stephen Locke, chair, London TravelWatch commented: “We would like to have seen devolution of Southeastern services within London to the Mayor, but TfL will now have an opportunity to show what can be achieved if local services are devolved, by providing improved and better integrated services for some areas which suffer from deprivation and which are expected to experience major growth over the next few years.

“While we welcome the investment plan announced by the Chancellor today, we will be looking to ensure that current levels of service are maintained. It is clear, meanwhile, that there is no funding available to increase service levels, particularly on bus routes which are already congested. Many of the long term challenges London faces will remain to be tackled as demand increases way outstrip capacity. We are also worried about the risk of further fare increases in the next few years as the settlement assumes fare increases in excess of inflation.”

Tell us what you think – have your say below, or email us directly at opinion@railtechnologymagazine.com

Comments

Simon Gameel Anwar   05/07/2013 at 20:02

summary skills AutoCAD 2010 (2D-3D) See Electrical Expert Program Inventor Program Microsoft Office ( Word – Excel ) Windows 7 Internet Browsing tools

Add your comment

 

related

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

Apprentice to Co-leading the Rail Sector Deal

05/06/2019Apprentice to Co-leading the Rail Sector Deal

In a series of Q&A’s with key speakers on the run up to TransCityRail Midlands, we caught up with TransCityRail panellist and Amey’s commercial account director, Anna Delvecchio, for her insight into what the Rail Sector Deal mea... 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

By Ewan Quayle, Rail Technology Magazine Reporter Andrew Haines, the Chief Executive of Network Rail, has told the Today programme on Radio 4's BBC’s flagship news programme that ... 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 >