Rail Investment Debate

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Department: Department for Transport

Rail Investment

Kevin Brennan Excerpts
Monday 16th July 2012

(12 years, 3 months ago)

Commons Chamber
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Justine Greening Portrait Justine Greening
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I can confirm those journey-time improvements for my hon. Friend’s constituents, who will welcome that, as I do. On the particular aspect of the curves, I will make sure that I write to him so that I get my facts right, but I hope and believe that there will be a positive response on that, too.

Kevin Brennan Portrait Kevin Brennan (Cardiff West) (Lab)
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I am glad that the Secretary of State was able to work positively with the Welsh Government over the electrification of the valley lines and the extension to Swansea. Has any financial contribution from the Welsh Government been involved?

Justine Greening Portrait Justine Greening
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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.