Scotland’s total rail debt is forecast to reach £4.9bn by 2019,according to the Office of Rail and Road – more than double what it was in 2009The opening of the Borders railway in September came with the full royal fanfare. The Queen’s presence at its official launch crowned a surge in line upgrades and electrification, new and refurbished stations, or modernised trains.
That investment is being funded with record levels of borrowing by Scottish ministers,which is expected to more than double in a decade to nearly £5bn. And that excludes the Scottish government’s enthusiasm for building tall speed rail lines, plans for which are due to be revealed in February.
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Source: theguardian.com