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In brief: Issue 596 11 May 2012

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Funding / Financing, Railways, East Midlands

Borrowing to fund Derbyshire station?

Derbyshire County Council and Network Rail are exploring how to fund a new rail station to serve Ilkeston. With the county council unable to afford the £5m construction cost, one option is for Network Rail to borrow the necessary funds, with costs recouped from payments made by train operators calling at the station. Derbyshire says a new demand forecast suggests that passenger numbers to/from the station would exceed 150,000 in the first year of opening. It says the station could be...

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