Date: 25/11/2016

UK: Chancellor of the Exchequer Philip Hammond announced significant additional funding for transport in his Autumn Statement to Parliament on November 23. Saying he had deliberately avoided making this statement into a long list of individual projects being supported, Hammond announced that a new National Productivity Investment Fund would spend £23bn on innovation and infrastructure over the next five years. This will include an additional £450m from 2018-19 to 2020-21 to trial digital signalling. This is expected to achieve a step-change in reliability and squeeze more capacity out of our existing rail infrastructure. Around £80m would be allocated to accelerate the roll-out of smart ticketing, including season tickets in major cities.

External links

Railways in the UK Autumn Statement

Railway Gazette

UK: Chancellor of the Exchequer Philip Hammond announced 'significant additional funding' for transport in his Autumn Statement to Parliament on November 23. Saying he had 'deliberately avoided making this statement into a long list of individual projects being supported', Hammond announced that a new National Productivity Investment Fund would ...