Summary
MINISTERS have agreed GBP1bn funding for Scotland's biggest package of railway enhancements in a generation. They will include electrifying the track between Glasgow and Edinburgh and bringing fastest journey times down to just over half an hour.
Under a deal thrashed out over the last month between the government agency, Transport Scotland, and track owners Network Rail funding for the Edinburgh Glasgow Improvement Programme (EGIP) will be borrowed against the asset value of the UK rail network.See the full content of this document
Extract
Edinburgh to Glasgow by Train in 35 Minutes . Ministers Agree Gbp1bn Railway Funding Deal . Ministers Agree Gbp1bn Railway Funding Deal . Flagship Route On Track for Electrification . Flagship Route On Track for Electrification . Biggest Improvement Since 1980s, Say Experts
Agreement over the funding mechanism will cause relief for ministers. They have so far failed to win approval from Westminster for plans to borrow GBP2.3bn to pay for a re...
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