National Rail has announced plans to invest billions into rail infrastructure, which could in turn, create more job opportunities for construction contractors.
In the recent announcement, National Rail has said it will invest up to £38 billion over the next five years. This money will be spent on building new tracks and upgrading existing lines, as well as renovating stations.
Mark Carne, chief executive of Network Rail, commented, “Passenger numbers in recent years have grown far beyond even our own industry’s predictions, so it’s vital that this investment over the next five years helps meet the continuing increase in demand for rail travel.
“Bigger, better stations, more tracks and longer platforms, electric-powered trains, reopened railway lines and fewer level crossings – all will help deliver more frequent, more comfortable, more reliable journeys and a safer, better-value railway for everyone.”
National Rail’s plans include having up to 700 more trains running per day between major northern cities and creating 20% more London commuter trains.
David Sidebottom, acting chief executive of rail watchdog group Passenger Focus, said, “The £38bn investment for Network Rail over the next five years is welcome, particularly during difficult economic times. Passengers should ultimately see an improved rail service bringing the things they tell us they want: improved punctuality, reliable trains with more seats.
“Punctuality should be a particular focus given the priority passengers give to it.”
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