Essex grapples with cost and revenue risk of new rail station

Rail

Essex County Council has failed to persuade the Government to waive the council’s responsibility for the risk of losses associated with a proposed new rail station. But the council has won concessions over how the calculations will be made. 

Essex is to enter into an agreement with Homes England for a £217.8m Housing Infrastructure Fund (HIF) grant for a new railway station and road bypass north of Chelmsford that will support the construction of more than 14,000...

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