Railways: Finance

(asked on 23rd January 2024) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what the budget for rail enhancements in England and Wales between 2024 and 2029 is.


Answered by
Huw Merriman Portrait
Huw Merriman
Minister of State (Department for Transport)
This question was answered on 31st January 2024

The rail enhancement budget has been separated from the overall Network Rail Operations Maintenance and Renewals budget, known as the Statement of Funds Available, since 2018. The government published its approach to rail enhancements across England and Wales in the Rail Network Enhancements Pipeline[1] (RNEP) in 2018.

Since Spending Review 2021 we have spent around £2bn a year on rail enhancements on the conventional network. Major projects, including HS2, Crossrail and East West Rail, are funded separately. As previously, the RNEP budget beyond the current Spending Review period (ending in 24/25) will be set at future fiscal events.

[1] Rail network enhancements pipeline - GOV.UK (www.gov.uk)

Reticulating Splines