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Fri, 15 January 2021

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Rail industry responds to reduction in rail enhancements funding

Railway Industry Association

1 min read Partner content

The Railway Industry Association (RIA), the trade body for the UK rail supply community, has responded to news that the rail enhancements budget has reduced by £1 billion.

Darren Caplan, Chief Executive of the Railway Industry Association, said: “Recent confirmation, following the Spending Review, that rail enhancements investment will reduce by more than £1 billion over the current five year funding period, is very disappointing.

"Rail enhancements are essential in ensuring our rail network is fit for the future, improving reliability, connectivity, customer experience and helping to reduce carbon emissions. Taking our foot off the pedal now on rail investment will not help for when passengers return following the Coronavirus pandemic.

“The rail industry still doesn’t have sight of what rail enhancement projects are coming up – we were told earlier this year that there are more than 80 projects in the Government’s Rail Network Enhancements Pipeline, yet with the news today that there is over £1 billion less in the funding pot, it is unclear what schemes will be going ahead and what will not be.

"In line with RIA’s Speed Up Rail Enhancements, SURE, campaign, we strongly urge the Government to publish this list of rail enhancement projects as soon as possible, to help rail businesses plan and invest, at what is such a critical time for the UK economy.”

 

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