- About Us
- Image Gallery
Published on : Friday, November 22, 2013
Network Rail today published its half-year results (for the period 1 April to 30 September 2013) which revealed that £2.74bn, some £15m per day, was invested in improving and building a bigger, better railway – 33% up on the same period last year and 53% higher than just four years ago.
In Scotland alone, £224m has been invested in a range of schemes delivering new platforms, new lifts, new information systems, new concourses, new bridges, new track and signalling and more electrification.
From the start of main construction work on the new £294m Borders Railway to the delivery of £10m of signalling enhancements at Stirling and the completion of the new £2.5m station footbridge at Perth, the first six months of the year has seen significant investment at locations across the county.
Patrick Butcher, group finance director, said: “The railway continues to experience tremendous growth and we are responding to that demand through the biggest sustained investment programme since Victorian times.
“With a million more trains and half a billion more passengers than 10 years ago our railways are all but full. We are squeezing all we can out of the existing network and new railway lines, such as HS2, must be built to deliver the step-change in capacity that Britain’s vital rail arteries need.”
GB-wide over the past six months some significant investment milestones have been reached, including:
As well as these recent major milestones over 5,000 other projects have been completed over the last four and a half years (since the start of our current funding period called CP4 – 1 April 2009 to 31 March 2014). Significant investments in the Scottish network over the last four years include:
Over the six months to 30 September:
Mr Butcher concluded: “We continue to invest record amounts to deliver a bigger, better railway for passengers and businesses across Britain. We are also driving down the cost of running Britain’s railway to help make it more affordable in the years ahead. Train performance is still at high levels by historical standards, but has fallen behind our targets as we struggle to get more and more out of an ever overloaded network.”
Source:- Network Rail