£8bn rail plan boosts industry, Hitachi laments IEP

Posted on 26 Nov 2010 by The Manufacturer

Transport secretary Philip Hammond has announced an £8bn investment package in rail projects that will reduce overcrowding, speed up journeys and modernise the network.

As part of the scheme, the Government plans to buy 2,100 carriages by 2019 as well as funding the Bedford to Brighton Thameslink project and the £600m electrification of the Great Western line connecting London with Oxford. Hammond said: “At a time of severe pressure on public spending, it would be tempting to cut back…

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