The UK Government’s sale of its 40% share in Eurostar raises £585m for the Exchequer – with a further £172m coming from the sale of its preference share, making a total of roundly £0.75bn. This exceeds handsomely the value expected: Government accounts showed Read on »
Infrastructure Secretary Keith Brown has challenged the main Westminster parties to commit to HSR north of the border — citing research from Greengauge 21 which shows a Manchester to Scotland high speed link has the potential to generate almost £25bn for the economy. Read the full article here.
The Public accounts Committee calls for a 30-year strategic plan in its critique of HS2, and we agree with them, but suspect that in 30 years’ time, we’ll still all be waiting. DfT has done well to get rail Read on »
Antony Oliver from Infrastructure Intelligence speaks to HS2 commercial director Beth West about how investment in high speed rail projects across the world is now seen as a proven catalyst for urban and regional regeneration, and how the UK will follow suit. The critical factor in ensuring that maximum benefits flow from this investment catalyst, according to Beth West, is first having a vision for what the city or region needs and then having leaders capable of delivering that vision. Read the full article here
Greengauge 21’s latest report Rail in the North: Stepping Stones to a rebalanced Britain was launched to rail experts and franchise bidders recently at a seminar on the future of the region’s rail network at the National Railway Museum in York.
The event was been organised by the Campaign for Better Transport (CBT). Stephen Joseph, CBT chief executive, said northern cities had seen major regeneration initiatives recently and he was pleased to hear politicians from different parties voice their support for a rail network that made the most of those economic opportunities.
The Northern Echo article also notes the launch of their Right Lines campaign to push for a better deal for the region from the Northern and TPE refranchising exercise.