Autumn Statement: ‘Significant Additional Funding’ for UK Transport
Chancellor of the Exchequer, Philip Hammond, announced yesterday in his Autumn Statement to Parliament, ‘significant additional funding’ for transport, including a £450 million digital signalling trial.
The Government is providing £450 million to trial innovative new digital rail signalling technology, which could increase capacity and reliability on our railways.
The Government’s next steps in its plan to invest in productivity-enhancing infrastructure includes a commitment to a number of transport projects, including:
- Local roads and local transport
- Strategic roads pinch points
- Future transport technology
- Digital rail signalling
- Transport flood resilience
- Smart ticketing
- Midlands Rail Hub
The Government is also investing £5 million in development funding for the Midlands Rail Hub, a programme of rail interventions in and around central Birmingham that could provide up to 10 additional trains per hour.
For more information, please visit GOV.UK