Railways: Finance

(asked on 4th November 2021) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what plans his Department has for the allocation of the £46 billion pledged to rail in the Autumn Budget 2021; what his timeline is for the allocation of that funding; and how much of that funding has already been pledged, by project.


Answered by
Chris Heaton-Harris Portrait
Chris Heaton-Harris
Secretary of State for Northern Ireland
This question was answered on 9th November 2021

The Spending Review (SR) settlement sees continued record levels of investment in rail enhancements across England and Wales, with increased budgets from 2022-23 to 2024-25.

The SR 21 settlement enables us to continue to deliver ambitious improvements, including the Transpennine Route Upgrade, restoring lines closed during the Beeching cuts and HS2, as we level up our country and build back better.

We will continue to manage Network Rail delivered rail enhancements within the Rail Network Enhancements Pipeline (RNEP), as a portfolio, in line with the RNEP policy. We will set out our ongoing plans for rail enhancements in due course.

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