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Reformed railway needs to be able to bring in third-party funding, says Hendy

Rhodri Clark
06 June 2024
Network Rail is focused on infrastructure engineering and cannot take wider system benefits into consideration
Network Rail is focused on infrastructure engineering and cannot take wider system benefits into consideration

 

The reformed railway should be able to say how much funding could be obtained from third parties when it presents investment proposals to Government, Network Rail’s Chair, Peter, Lord Hendy of Richmond Hill, told the House of Commons Transport Committee.

“One of the weaknesses of the current system is that everything is uncertain,” he said. “Nothing can be certain enough for anybody to indicate that they are really keen to put any money in until the day the government...

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