The government has confirmed today it will award Tyne & Wear PTE Nexus around £580m to modernise and operate the Tyne & Wear Metro light rail system.
Most of the money, up to £350m, will be spent on the Metro: all change modernisation programme over the next 11 years. A further £230m will support Metro’s running and maintenance costs over the next nine years.
The funding package is by far the biggest in Metro’s 30-year history and secures the future of the...
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