Following the recent announcement of Levelling Up funding allocations from the UK Government this past Wednesday, the Midlands and Eastern regions will see an investment of up to £68m, directly funding rail related projects.
The package of investment includes key rail projects:
Lincoln Western Growth Corridor (WGC) - Eastern Transport Access Scheme: £20m has been pledged to build two bridges in Lincoln, running across the East Midlands Railway track. The implementation of his project will supply the area with an essential direct route for hundreds of households to the city centre, supplying an enhanced access the public transport, whilst aiding in the ease of traffic congestion. The Western Growth Corridor will support the community further through the inclusion of up to 3200 homes and space for retail and other businesses, bringing economic and social growth.
Peterborough Station Enhancements and Connectivity: Almost £48m has been pledged to this scheme, with the goal to build a new entrance and footbridge for Peterborough train station, accompanied with a new gateway that will supply access to the hustle and bustle of the vibrant city centre for local people, commuters and visitors alike.
These improved transport links will provide regenerative growth throughout the midlands, revitalising towns and cities in the region through new pathways to opportunities that might not have ben accessible to local people and businesses before. Providing enhanced availability to accessible public transport will break down the barriers for removing transport related social exclusion.
Responding to the announcement, RIA Midlands & Eastern Lead, Milda Manomaityte, said:
“This is great news for the Midlands & Eastern regions as rail investment enhances connectivity, spurs economic growth, supports jobs and generates tax revenue. £2.50 of income is generated in the wider economy for every £1 spent.
“So, we welcome that the Government has recognised the power of rail to level up, with the Lincoln Western Growth Corridor and Peterborough Station Enhancements projects set grow local economies and spread opportunity.
“We urge the Government to keep investing in rail, supporting communities across the country and ensuring they benefit from an enhanced rail network.”
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