Network Rail to invest £38bn after record fines

Network Rail will be spending £38bn of funding on rail improvements over the next five years, it has said.

This is set to include the building of new tracks, the renovation of stations and the upgrade of existing lines.

This comes after the company was issued with a record £70m fine for delays passengers have suffered over the last five years.

Network Rail blamed these on the weather.

Mark Carne, chief executive of Network Rail, said: “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,” he said.

The plan includes:

  • 700 extra trains between northern cities
  • 20% increase in capacity on London’s commuter trains
  • 850 miles of track electrified
  • A rail project connecting Oxford and Milton Keynes
  • Upgrades to stations, including Manchester Victoria and Birmingham New Street
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Readers' comments (1)

  • Now if only they could spend a bit of money making sure my train arrives on time...

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