Record private sector investment in rail, new figures show
New figures from the rail regulator published today show record levels of investment from the private sector going into Britain’s railway. The £925million invested last year is the highest figure in at least a decade.
The figures show that £767milion was invested in new rolling stock, with train operators introducing over 5,500 new carriages by 2021.
Responding to the figures, Paul Plummer, chief executive of the Rail Delivery Group, which brings together train operators and Network Rail to enable a better railway, said:
“With rail ever more crucial to Britain’s economy, investment from private companies working in partnership with the public sector, is helping the nation to succeed. Working together, investment from rail companies is improving journeys, better connecting communities and creating jobs now and for the long term.”
ENDS
Notes to editors:
Figures from the ORR can be found here on p11