Rail News

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.

rail signalling technology autumn statement
The Autumn Statement includes good news for digital signalling! Image © axbecerra (license)

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.

Related Post:  Russia and Azerbaijan: We Will Work together to Develop Eurasian Transport Corridors

For more information, please visit GOV.UK

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