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Treasury will hold purse for rail upgrades

RAIL

13 April 2018
 

The government’s new pipeline approach to rail enhancements in England and Wales will see the Treasury make final decisions on individual rail enhancements. 

The pipeline approach, explained by the DfT last month (LTT30 Mar), will see projects approved on a case-by-case basis, replacing the current system in which the Government awards a five-year settlement for a programme of enhancements.

Some enhancement funding is included in Network Rail’s next five-year control period...

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