Britain sets £48bn budget for rail infrastructure in 2019-2024
http://www.railjournal.com/index.php/europe/britain-sets-%C2%A348bn-budget-for-rail-infrastructure-in-2019-2024.html
BRITAIN’s secretary of state for transport Mr Chris Grayling announced on October 12 that the government has allocated infrastructure manager Network Rail (NR) a budget of £47.9bn for operation, maintenance and renewals in Control Period 6 (CP6), which runs from April 2019 to March 2024.
According to the Statement of Funds Available (Sofa), the Network Grant - funding from the Department for Transport and Transport Scotland - will reach a maximum of £34.7bn, compared with £18.3bn in CP5. The remaining funds will come from other sources, primarily revenues from track access charges and property income...
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