Published on : Wednesday, March 29, 2017
The rail industry, including Network Rail and South West Trains, is working together to deliver a record £50 billion plus investment in Britain’s railway. This investment supports jobs, growth and drives development, regeneration and unlocks housing supply in London, Surrey and Berkshire.
Stuart Kistruck, director of route asset management at Network Rail, said: “As part of delivering record investment in the railway, Network Rail is spending money with over 200 local businesses across London, Surrey and Berkshire.
“The railway is vital to economic growth. That’s why Network Rail is spending £100 million every week in Britain on our Railway Upgrade Plan. Here on the Wessex route we are spending hundreds of millions of pounds annually to provide a safe, reliable railway. A great example of this plan in action is the £800 million Waterloo & South West Upgrade which will boost capacity at Waterloo by 30% by the end of 2018.”
The enormous scheme, which is currently underway, involves adding more platforms at Waterloo by bringing the former International Terminal back into use, extending four existing platforms at Waterloo, and introducing a fleet of 150 new trains on the network.
Mr Kistruck added: “We intend to keep contributing to the economy in London and the south west, working with local businesses and creating jobs for local people on improving the railway to bring more connectivity and even more prosperity to all.”
Margaret Kay, managing director of South West Trains, said: “We are very proud of our record alongside Network Rail in delivering significant improvements for passengers.
“In the past year alone, we have invested in customer experience improvement projects across the network delivering 1,400 extra car park spaces at our stations, state-of-the-art cycle hubs with additional cycle spaces at 36 stations, innovative video ticket machines at 91 stations and we will continue to upgrade our trains.
“Our £210 million fleet of brand new 707 trains, providing 150 extra carriages for thousands of additional passengers will be out on the network very shortly. We will also continue to roll out our Smart card programme to make travel easier for our passengers.
“Working alongside Network Rail and our industry colleagues, we will deliver the vital upgrade programme at Waterloo this summer. This is the biggest investment in the railway for decades and will provide a significant increase in capacity for the thousands of passengers who use the station.”
Paul Plummer, chief executive of the Rail Delivery Group, which represents train operators as well as Network Rail, said: “Train companies and Network Rail are working hard together to improve journeys for the millions of passengers who use the railway every year in London and the south west. The result is going to be more trains running to more places, more often, creating new opportunities and supporting jobs. It will include significant upgrades to Waterloo station and the surrounding network. These improvements will help keep everyone in London and the south west moving and help to support a growing local economy.”