Railways: Finance

(asked on 10th December 2020) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government which rail upgrade projects will be (1) cancelled, and (2) reduced in scope, as a result of the reduction in the five year rail enhancements budget.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 18th December 2020

The Spending Review confirmed that the Government will continue to support the railway, investing in ambitious improvements to modernise our railway.

In terms of impacts on individual schemes, it remains the case that no schemes have been cancelled nor formal investment decisions taken as a result of the Spending Review. We are currently working with Network Rail and Ministers to agree a new baseline for the portfolio that fits with the new funding envelope.

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