The asset value of TfW’s rail infrastructure increased by 21% in 2024/25 as major elements of the Core Valley Lines (CVL) modernisation programme were brought into use.
TfW’s annual report shows that its “rail network and other rail infrastructure” was valued at £2.25bn at the end of the previous year and £2.72bn at the end of 2024/25. This reflected a £577m transfer out of “Assets Under Construction” (AUC), additions of £742,000 and...
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