Funding agreed for £400M Wales rail electrification

Rail electrification works under way. Photo: Network Rail
Rail electrification works under way. Photo: Network Rail

Prime Minister David Cameron will announce a £230M funding package today to modernise rail lines across South Wales, ending a long drawn out dispute with the Welsh government over who would pay for the scheme.

 

Agreement has been reached between the two Governments whereby Westminster will contribute £125M to the Valley Lines electrification scheme and cover the full £105M costs of electrifying the Great Western mainline to Swansea.

 

The Welsh government will take over sponsorship and delivery of the Valley Lines project while contributing an estimated £170M towards its delivery. Work could start on Valley Lines electrification as early as 2019.

 

Shadow Welsh Secretary Owen Smith said: “David Cameron has been doing the hokey cokey on funding the Welsh railways for over a year.

 

“First he claimed that he’d pay for the lot, including the full line to Swansea and commuter services to the Valleys, then he reneged on the deal and claimed Welsh Labour would have to pay instead and now he appears ready to split the tab.

 

“Welsh rail passengers will be pleased he’s finally made his mind up, even if in the end, the Welsh Government is going to have to foot some of the bill”.

 

Mr Cameron will also reveal plans to devolve the Wales and Borders rail franchise, so that the Welsh government decides the new franchise in 2018.

 

He said: “I am delighted to announce today that we are going to press ahead with the electrification of the Valley Lines. After years of neglect, this part of Wales will finally get the infrastructure it needs with faster, more modern, more efficient trains and the impact will be huge.”

 

Secretary of State for Wales Stephen Crabb added: “This is fantastic news for Wales and provides a major incentive for businesses to invest in the country.”

Please rate

Comments 

Ctrl + Enter

Most Read

80% of IT projects in public sector delayed due to IR35

80% of IT projects in public sector delayed due to IR35

The vast majority of UK government IT projects are suffering severe delays due to freelancers quitting over the IR35 tax clampdown. In April, the government shifted responsibility for compliance with the IR35 legislation from the individual contractor to the public body or recruitment agency. The

Innogy and Statkraft win contract at 860 MW UK wind power plant

Innogy and Statkraft win contract at 860 MW UK wind power plant

Norway’s state-controlled hydropower company Statkraft and Germany-based energy company Innogy have won a tender in the Contract for Difference (CFD) auction in the UK for their 860 MW Triton Knoll offshore wind power project.The wind farm off the coast of

Is there a post-Brexit salary rise? It looks like it...

Is there a post-Brexit salary rise? It looks like it...

Following the Brexit vote in June last year, many experts predicted that markets would continue to fall leaving salaries stagnating and even falling in some sectors. Data shows the pace at which new jobs are being created is still slower than in 2014, with economic growth affected by the

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.