hurry aims to let rail operator finish bulk of five-year upgrades after funding fiasco led to ditching of two key manifesto pledgesThe chancellor is to announce hundreds of millions of pounds of extra funding for Britain’s railways to ensure Network Rail can carry out the bulk of its five-year way,saving face for the government after it was forced to shelve two major rail projects due to overspending this year.
Two reviews into Network Rail’s abortive £38bn upgrade programme are to be published alongside Wednesday’s autumn statement, as ministers try discreetly to draw a line under a crisis that forced them to abandon manifesto pledges weeks after the general election when the ballooning costs became apparent. Continue reading...
Source: theguardian.com