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Another £500M cut from funding pot for rail enhancements


The budget for rail enhancements has been reduced by another £500M, as the government again delays the publication of the updated Enhancements Pipeline.
The Network Rail May 2021 Update shows the budget for rail enhancements is now £8.9bn, a £1.5bn reduction from the original £10.4bn settlement for Control Period 6, which is confirmed in the regulator the Office of Road & Rail s (ORR’s) final determination.
An updated Enhancements Pipeline was expected to be published before the parliamentary summer recess, which began at the end of last week.
However, the pipeline will now not be published until September at the earliest when parliament reconvenes. ....

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