Qualitrain and its fellow members of the Derby and Derbyshire Rail Forum have welcomed recent Government commitments to continued rail investment in the UK.
Despite the ongoing pressures in the UK economy, the announcements made, particularly on infrastructure investment by the Rt Hon Danny Alexander, Chief Secretary to the Treasury, confirm the continued commitment of the Coalition Government to invest in rail. A pipeline of publicly funded projects worth over £70 billion over the next parliament have been specifically identified for transport. Of these projects, a substantial number are for the rail network.
In addition to spending on the HS2 project, the announcement confirms support for Network Rail to invest over £9 billion in major rail projects between 2014/15 and 2018/19 such as contributing to Crossrail, Thameslink improvements in London, stronger east to west links from Liverpool to Newcastle through the Northern hub, reopening the Bedford to Oxford line and electrifying the Great Western line and the Cardiff Valleys. Also significantly for the Derby and Derbyshire rail cluster there is the development of the “Electric Spine” between Yorkshire, the Midlands and the South.