Network Rail to get budget boost despite efficiency concerns
Treasury likely to allow spending of more than £40bn, with extra for schemes such as the TransPennine route upgrade
Network Rail is set to be granted an enhanced budget, likely to be more than £40bn, to run Britain’s railway – despite the regulator highlighting more concerns over billions lost due to inefficiency.
The government will announce later this week how much it is prepared to spend on maintaining and operating Britain’s railways for the five years from 2019. The figure, the outcome of complex negotiations between the Treasury and Network Rail, is likely to include financing for some projects that lapsed in the current five-year plan, which has been largely torn up.
Source: Guardian Transport