Network Rail to get up to £48bn, plus major upgrade cash

 

The Government has announced a direct grant to Network Rail of up to £34.7bn between 2019 and 2024, which it says will allow the infrastructure operator to spend nearly £48bn once its expected income is included.

The Department for Transport (DfT) said a new focus on everyday services - with more maintenance and ‘a huge uplift in renewals’ - will see billions more invested in renewing existing infrastructure to improve punctuality and reliability.

”Local
Transport secretary Chris Grayling

Transport secretary Chris Grayling also announced a new funding process for major upgrades and enhancements where funds will be allocated separately. The DfT said this would ‘provide more rigour in investment decisions’.

Mr Grayling said: ‘Passengers want a railway they can rely on and that’s where this huge investment will make a real difference to their everyday lives - by renewing more tracks earlier and increasing maintenance to deliver far better services.

‘This investment is about boosting reliability and punctuality for millions of journeys, and we will do this alongside building major upgrades around the country and delivering new, faster, more comfortable trains.’

The DfT’s Statement of Funds Available (SOFA) for Network Rail sets out a direct grant of up to £34.7bn for Control Period 6 (2019 to 2024). It said total spending will be around £47.9bn once Network Rail’s expected income is calculated and added to the pot. This compares with Network Rail’s five-year budget to 2019 of £38.5bn, which Transport Network understands included Network Rail's income.

The SOFA says: ‘The secretary of state expects the remaining expenditure to be funded by income Network Rail receives from its customers (train operators, both passenger and freight) and its commercial activities.’

The DfT added that although the announcement includes funding for the early stages of developing new rail schemes, the Government will now allocate funds separately for major upgrades following a new process ‘to ensure they are deliverable and secure the best value for money for the tax payer’. More details of this will be set out later this year.

Anthony Smith, chief executive of watchdog Transport Focus, said: ‘Passengers will welcome this ongoing high level of railway investment. Further investment through future major projects and franchises will boost the spending pot even more.

‘We’re pleased to see that Government is listening to what passengers want – better day-to-day reliability – and making that the main focus. Passengers tell us they want more reliable trains, a better chance of getting a seat or at least standing in comfort, and less delays. This investment will help underpin these improvements.'

He added: ‘The proof of the value of this spend will be when passengers start to see more reliable services and better value for money. Passengers now pump around £9bn a year into the industry. In return they should expect the basic promises made by the industry to be kept.’

 

Also see

Register now for full access


Register just once to get unrestricted, real-time coverage of the issues and challenges facing UK transport and highways engineers.

Full website content includes the latest news, exclusive commentary from leading industry figures and detailed topical analysis of the highways, transportation, environment and place-shaping sectors. Use the link below to register your details for full, free access.

Already a registered? Login

 
comments powered by Disqus
 
 
highways jobs

Director of Neighbourhoods

Havering London Borough Council
c.£138,000
As Director of Neighbourhoods, you will provide strategic leadership for a full range of regulatory and non-regulatory services Romford, London (Greater)
Recuriter: Havering London Borough Council

Director of Economic Development & Planning

Wiltshire Council
£99,856 - £110,084 per annum
In this role you will have a key role in growing the local economy Wiltshire
Recuriter: Wiltshire Council

Executive Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£24,660 - £31,764
A new opportunity has arisen for an Executive Officer to join The Environment and Community Services Directorate Richmond upon Thames, London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Director, Governance and Improvement

City of York Council
£87,623 to £97,149
We are looking for an exceptional individual to be appointed to the position of Director of Governance and Improvement. York, North Yorkshire
Recuriter: City of York Council

Chief Fire Officer

West Sussex County Council
Competitive Salary plus Financial Support for Recruitment and Retention
We are looking for an exceptional individual who can lead our Fire & Rescue Service Chichester, West Sussex
Recuriter: West Sussex County Council

Inspector / Senior Inspector

City of Bradford MDC
£21,166 - £31,371 pa
This is an opportunity to join the Highway Maintenance team who have responsibility for maintenance of around 2,000km of adopted road network. Bradford, West Yorkshire
Recuriter: City of Bradford MDC

Traffic Management Operative/Foreman

Balfour Beatty
Competitive
Are you a Traffic Management Operative/Foreman with Highspeed (12AB) Qualifications, looking for a new and exciting opportunity? If so read on..... Leatherhead, Surrey
Recuriter: Balfour Beatty

Senior Team Leader

Redbridge London Borough Council
£35,992 to £38,994 per annum inclusive
Looking for individuals with initiative, evidence of experience in managing a street cleansing service and motivating... Redbridge, London (Greater)
Recuriter: Redbridge London Borough Council

Road Safety Engineer

Cambridgeshire County Council
£21,589 - £31,371
We are looking for a candidate who can participate in developing and delivering technically sound highway engineering solutions. Cambridgeshire
Recuriter: Cambridgeshire County Council

Information Management Officer x 2 Jobs

Kirklees Metropolitan Council
£24,799 - £26,317
Looking for better and smarter ways to operate and you will play a key role working across a broad range of service... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Graduate Engineer

Sandwell Metropolitan Borough Council
£24,313 - £28,785 per annum
This is an exciting new opportunity in the Highway Services team to play a pivotal role in creating a safe and... Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

School Crossing Patrol

Brent Council
£21,591 - £22,377 p.a. inc. pro rata.
Looking for someone that is friendly, has great communication skills and enjoys working with children. Wembley, London (Greater)
Recuriter: Brent Council

Engineer (Highway Design)

Darlington Borough Council
£31,371 - £33,799
Looking to employ an experienced person within the Highway Design team to meet the challenge of enabling development... Darlington, Durham
Recuriter: Darlington Borough Council

Project Manager – Major Maintenance and Infrastructure Projects 

Liverpool City Council
£42,683 - £47,491 
The successful candidate will ensure that effective procurement and delivery of highways maintenance and improvement. Liverpool, Merseyside
Recuriter: Liverpool City Council

Green Space Development Manager

Camden London Borough Council
£45,504 - £52,786
The successful candidate will join a dynamic, multi-disciplinary team and contribute to our commitment to deliver for... Camden, London (Greater)
Recuriter: Camden London Borough Council

Green Space Project Officer

Camden London Borough Council
£40,829 - £47,360
The successful candidate will join a dynamic, multi-disciplinary team and contribute to our commitment to deliver for the people of Camden, London (Greater)
Recuriter: Camden London Borough Council

Senior Principal Planning Officer - Fixed Term

Royal Borough of Greenwich
£39.774 - £42.684
Looking for key members of the team that will be instrumental in transforming the Borough and opportunities available for residents.  Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Career Grade Planner

Royal Borough of Greenwich
£27228 - £36711
In this role you will deal primarily with small-scale planning applications covering a wide range of planning issues. Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Career Grade Planning Officer

Royal Borough of Greenwich
£27.228 - £36.711
We offer a great opportunity to develop your career with a positive approach to development and a desire to put... Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Director of Place and Communities

Ashfield District Council
£79,070
As the Director for Place and Communities you will provide strategic and operational leadership across a range of key services including Waste... Nottinghamshire
Recuriter: Ashfield District Council