Railways: Finance

Department for Transport written question – answered on 14th September 2017.

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Photo of Barry Sheerman Barry Sheerman Labour/Co-operative, Huddersfield

To ask the Secretary of State for Transport, what steps he is taking to ensure the equitable distribution of rail funding.

Photo of Paul Maynard Paul Maynard Parliamentary Under-Secretary (Department for Transport)

The Department for Transport published its Transport Investment Strategy on the 5th July 2017, which describes new rebalancing measures to deliver a stronger, fairer Britain. We want to ensure that transport investment programmes, including rail, contribute to a more balanced economy, increase productivity or growth, support new housing, improve reliability and tackle congestion.

As described in the Strategy, the Department is developing a new assessment standard that will require investment programmes to be judged on how they contribute towards creating a more balanced economy, as part of the overall assessment of their strategic case.

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