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Transport: Finance

Department for Transport written question – answered on 6th March 2019.

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Photo of Craig Tracey Craig Tracey Conservative, North Warwickshire

To ask the Secretary of State for Transport, if he will make an assessment of the potential merits of using the budget allocated to High Speed Two to instead invest in (a) regional transport infrastructure projects, (b) upgrading existing rail lines and (c) reducing government expenditure.

Photo of Nusrat Ghani Nusrat Ghani Parliamentary Under-Secretary (Department for Transport), Assistant Whip (HM Treasury)

Record investment is taking place in Control Period 6 with around £48 billion to be spent on the existing rail network over a five-year period from 2019 to 2024, including more maintenance and a huge uplift in renewals to increase reliability and punctuality for passengers. Together with new and refurbished trains, this Government is delivering an ambitious programme on rail.

In addition, HS2 will deliver more than £2 of benefits for every £1 of investment. HS2 will release capacity on existing railway lines so enabling new or additional services to be provided on those lines.

Does this answer the above question?

Yes1 person thinks so

No4 people think not

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