Thank you for question about the finance. Rail finance is a very complex issue
(Original post by toronto353)
Very thorough, but since my colleagues wish to attack TSR UKIP Bills for a lack of figures (and yes I know this isn't a Bill before others jump on my comments), where is all the money coming from for this wish list of improvements? In times of austerity, the above wish list is nice, but is it realistic? I don't particularly feel that it is. I welcome this statement from the Right Honourable gentleman, but it seems to me to be unrealistic in times of austerity. Of course I look forward to seeing his proposals for funding such a set of proposals.
State funding via Network Rail.
Private funding: TOCs and Businesses
For HS2 we are looking at EU Funds.
Currently, profit making TOCs pay a Franchise Premium, some of that money will be targeted towards the projects mentioned.
Last edited by Morgsie; 27-01-2012 at 21:41.
I urge this gentleman to look at the Devolution Settlements because under the Government of Wales Act 2006 and the Scotland Act 1998 rail policy is devolved to the Welsh Government and the Scottish Government.
(Original post by obi_adorno_kenobi)
HS2 will shave a little more than 15 minutes off current travel times. You fail to offer to do anything about existing bottlenecks in the system such as Reading (yes, I know improvements and upgrades are happening there as we speak). You fail to offer anything for people living south of Bristol, west of Cardiff, along the Cambrian line, north of Edinburgh, improvements to the line to Aberdeen, re-opening local links to make the rail network more logical and more servicable. Oh no, let's focus solely on the business commuters to London. Either we want a rail service for the 21st Century or we continue to use 20th century models? That's what HS2 offers. I'd urge the Lie Down to think again about his policies. They aren't fit for purpose.
When the GWML Electrification is completed the Class 165 and Class 166 Turbos will be cascaded to the West Country. HS2 is Going to Scotland which will cut rail journey times to 3 hours and will compete with the domestic air market.
WE have a Victorian rail system and I am trying to modernise it
Last edited by Morgsie; 27-01-2012 at 22:25.