£38bn rail revamp 'reset' over costs and delays
A £38 billion five-year government plan to overhaul Britain's railways is being "reset" because it is "costing more and taking longer", Transport Secretary Patrick McLoughlin has said.
£38bn rail revamp 'reset' over costs and delays
A £38 billion five-year Government plan with Network Rail to overhaul Britain's railways is being "reset" because it is "costing more and taking longer", Transport Secretary Patrick McLoughlin has told MPs.
He said that electrification work is being "paused" on the Midland mainline and on the Transpennine route between Leeds and Manchester.
Mr McLoughlin blamed Network Rail for the problems and told MPs none of the executive directors would get a bonus for the past year.
Network Rail chairman Richard Parry-Jones is to step down and will be replaced by London's Transport Commissioner Sir Peter Hendy, Mr McLoughlin said.
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