Network Rail to seek extra £7bn

Network Rail, which runs Britain's railway tracks and signals, is set to ask the government for an extra £7bn.

The firm wants the money to invest in infrastructure on busy commuter routes to cope with rising passenger numbers.

http://news.bbc.co.uk/1/hi/business/5139746.stm

Also....

Network Rail seeks £8bn more to handle train traffic growth

The long-delayed £3.5bn Thameslink rail project, designed to add capacity for an extra 20,000 seats through rush-hour London, is set to dominate talks over Network Rail's calls for extra funding.

The Telegraph

 

Rail network plans ‘on the wrong track’

East Anglia's rail travellers were left out in the cold last night after the region failed to feature in a multi-billion-pound shopping list designed to improve the network nationwide.

The rail infrastructure company Network Rail yesterday launched a bid for an extra £7.9bn to meet a predicted 30pc increase in the number of miles passengers will travel over the next 10 years.

EDP 24

 

Network Rail seeks £8bn for infrastructure

Network Rail asked the government today for an extra £8bn to modernise Britain's creaking rail infrastructure.

The not-for-profit company, which owns Britain's railway tracks, stations and signals, said it would be able to cut costs by nearly £1bn a year but still needed the extra funding to make essential improvements, particularly to overcrowded commuter routes in the south-east of England.

http://business.guardian.co.uk/story/0,,1811866,00.html