BRITAIN'S rail infrastructure budget has been cut by £1 billion following the Chancellor’s Spending Review.
Rail Minister Chris Heaton-Harris said Network Rail’s funding for enhancements during 2019-2024 is £9.4 billion.
This is down nearly 10% on the figure of £10.4 billion which rail regulator the Office of Rail and Road previously calculated was the budget for the five-year period.
Rishi Sunak did not mention the reduction in last week’s Spending Review, instead telling the Commons the Government would deliver on its “record investment plans in infrastructure”.
A £1bn shortfall in funding for Network Rail is likely to have a major impact on forthcoming projects.
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The Railway Industry Association, a trade body representing rail supply firms, described the decision as “very disappointing”.
Chief executive Darren Caplan said: “Rail enhancements are essential in ensuring our rail network is fit for the future, improving reliability, connectivity, customer experience and helping to reduce carbon emissions.
“Taking our foot off the pedal now on rail investment will not help for when passengers return following the coronavirus pandemic.”
He also urged the Government to reveal what enhancement schemes will be taking place in the coming years “to help rail businesses plan and invest, at what is such a critical time for the UK economy”.
Mick Whelan, general secretary of train drivers’ union Aslef, said: “This revelation puts a question mark over not only some long-planned and much-needed improvements to our transport infrastructure, but to the whole question of rebuilding this country after the pandemic.
“It’s time for the Government to come clean and tell us what they mean to do.”
Network Rail’s budget for operations, maintenance and renewals is unchanged.
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