1-3 of 3 results for subject:Finance
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To ask the Secretary of State for Transport, if he will release £11 million of funding from his Department's budget for track upgrades to the Shrewsbury to Birmingham railway line to reduce travel time between those stations from under an hour to 45 minutes.
To ask the Secretary of State for Transport, if he will release £11 million of funding from his Department's budget for track upgrades to the Shrewsbury to Birmingham railway line to reduce travel time between those stations from under an hour to 45 minutes.
The Department undertakes rigorous analysis of the potential benefits and costs of proposed schemes before making funding decisions. Midlands Connect have previously estimated that the full costs for the complete delivery of scheme improvements to be around £200m. It is developing a strategic outline business case for this project which the Department expects to receive by the end of 2021. Any decision on further development will be taken in line with the Rail Network Enhancements Pipeline policy, which will include consideration of business case and affordability, in the context of the wider rail enhancements portfolio.
To ask the Secretary of State for Transport, what recent assessment he has made of the potential (a) timescale for delivery, (b) cost to the public purse and (c) fiscal merits of a railway track upgrade that would reduce the time to travel between Shrewsbury and Birmingham to 45 minutes.
To ask the Secretary of State for Transport, what recent assessment he has made of the potential (a) timescale for delivery, (b) cost to the public purse and (c) fiscal merits of a railway track upgrade that would reduce the time to travel between Shrewsbury and Birmingham to 45 minutes.
Midlands Connect is currently developing proposals to improve journey times between Birmingham and Shrewsbury. Its recommendations will be presented later this year in a strategic outline business case. This will assess the infrastructure enhancements required, timescales for delivery, costs, and financial benefits of the scheme. No formal assessment has been made by the Department ahead of their expected submission.
To ask the Secretary of State for Transport what account he has taken of projected increases in rail passenger kilometres travelled when (a) allocating funding for (i) subsidies and (ii) rolling stock and (b) awarding franchises.
To ask the Secretary of State for Transport what account he has taken of projected increases in rail passenger kilometres travelled when (a) allocating funding for (i) subsidies and (ii) rolling stock and (b) awarding franchises.