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Network Rail announces major spending plans for 2014-19
January 10th, 2013 by adminNetwork Rail (NR) looks poised to spend £37.5 billion from 2014-19, as it projects significant expansion of the country’s railways.
Guardian.co.uk reports that a host of improvements will be carried out around the UK, as the organisation expects 225 million more passenger journeys to be made each year by 2019.
Reflecting on the current state of affairs, chief executive Sir David Higgins said: “One million more trains run every year than ten years ago, more passengers arrive on time than ever before, our safety record is one of the best in Europe and, despite the daily challenges we face, customer satisfaction levels are at record levels.”
NR predicted that, by 2019, 30 per cent more freight will be carried and 335,000 trains will be in service. Also, those in signalling installer jobs may be interested to hear that the company is looking to move towards centralised operation centres, rather than traditional boxes.
The organisation is waiting to have the budget approved by the government, but if it goes through, then local transportation services look set for significant improvements.
For example, portsmouth.co.uk reports that £25 million will be spent on services around Portsmouth, while £30 million has been earmarked for its fellow south coast city, Southampton. In spite of the spending, there are no plans to up the target trains-on-time figure of 92.5 per cent – a level NR is currently failing to meet.
Author: Paul Smithson
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Network Rail (NR) looks poised to spend £37.5 billion from 2014-19, as it projects significant expansion of the country’s railways. (more…)
