Network Rail: Ely Area Capacity Enhancement Programme Debate
Full Debate: Read Full DebateLord Faulkner of Worcester
Main Page: Lord Faulkner of Worcester (Labour - Life peer)Department Debates - View all Lord Faulkner of Worcester's debates with the Department for Transport
(1 year, 4 months ago)
Lords ChamberThe Government are incredibly ambitious when it comes to investment in the north and the Midlands. As the noble Lord will know, we have the Northern Powerhouse Rail programme and we are taking forward all sorts of different schemes in the area.
My Lords, there can be very few other investment projects that have such enormous environmental benefits as the Ely enhancement. The noble Baroness, Lady Randerson, referred to 98,000 lorry journeys that would transfer to rail on 2,900 extra freight trains, but the benefits extend to passenger services. It is almost inconceivable that the Government will refuse to do this, because the rate of return on investment is £4.80 in benefits for every £1 spent on it. I cannot imagine there are many other schemes in the rail enhancement pipeline that will match that sort of figure, so why can the Minister not be more positive about it now?
I do not recognise the figure that the noble Lord cites. It is important that we reassess our business cases based on revised travel patterns as they are now, and that has an impact on the business case—but, as I say, we are reviewing them and decisions will be made in due course.