Private sector investment must be found to relieve £5bn shortfall

Chris Cheek: ‘government should look at bonds’

Chris Cheek: ‘government should look at bonds’

The Government must find a proper mechanism for the private sector to invest in Britain’s rail infrastructure, according to a new report on the rail industry’s finances.

This year’s annual Rail Industry Monitor report from transport consultancy TAS highlights a £4.9bn shortfall in rail investment compared with John Prescott’s 10-Year Plan.

The report’s editor, Chris Cheek, said: “When the 10-year plan was announced in 2001, we were told that investment...