Contractors could benefit from government’s £9.4b railway investment
Contractors could benefit from the latest announcement that the government will be investing billions into railway upgrades across England and Wales.
The Department for Transport announced that there will be £9.4 billion invested into railways, starting from 2014 until 2019. This will create the capacity for 140,000 extra daily train commutes, as well as job opportunities for both permanent workers and freelancers across the country.
Contractors working in the construction industry could find themselves in demand over the next five years, with new schemes such as a £500 million rail link between Heathrow and the Great Western Main Line.
There are also plans for the electrification of the Midland Main Line between Sheffield and Bedford.
Prime minister David Cameron said, “In what is the biggest modernisation of our railways since the Victorian era, this investment will mean faster journeys, more seats, better access to stations, greater freight links and a truly world-class rail network.”
Transport secretary Justine Greening commented, “Investment on this scale, in every region of the country, shows how this coalition government is focused on delivering an affordable, reliable and faster railway network that drives jobs and growth.
Chancellor George Osborne added, “This Government is making more funds available to invest in rail projects than at any time since the Victorian era, and shows that the Government is committed to delivering on its promises to support investment in public infrastructure that will support economic growth.”