Rail Investment

Debate between Jessica Lee and Justine Greening

Monday 16th July 2012 Commons Chamber

[Justine Greening]

The hon. Gentleman is right to say that we worked closely not only with the Secretary of State for Wales but the Welsh Assembly Government. I met Carl Sergeant a few times to discuss these proposals. As regards how the financing will work, the basic scheme for the valleys is £300 million. That is funded through track access charges that franchise operators will pay. It pays them to do this, because they save money through electrification, which reduces their operating costs. Once the valleys electrification has been completed, that, in essence, will electrify the line to Bridgend, which means that the final piece to Swansea becomes worth doing. It also simplifies our rolling stock procurement. The final piece of the Bridgend to Swansea electrification is being funded by the UK Government to the tune of £50 million. All in all, it is a good deal for Wales.

[Jessica Lee (Erewash) (Con)]

I welcome the announcement that a fund will be made available to consider applications for railway stations to be opened. My right hon. Friend will recall a meeting earlier this year with me and representatives from Derbyshire county council regarding the Ilkeston train station project. There is a strong regeneration case for that important project, and it is well matched with the fund that has been announced today, so does she, too, hope that it can be delivered?

[Justine Greening]

Ultimately that will be a decision for Network Rail. Let me be clear, though, that it was the meetings I had with my hon. Friend and her local councillors that brought home to me the fact that money needed to be set aside to make sure that new stations can be opened for the communities that need them where growth is happening. I very much hope that her Ilkeston station plan will go forward to the competition bid, and I will look with real interest to see it come through.