The UK Government has announced a series of new commitments intended to strengthen rail transportation in the country as part of its proposal to improve capacity across the network via new technologies.

Chancellor Philip Hammond presented a £84m package for fitting in-cab digital signalling systems on-board trains across the country in his Autumn Budget statement.

The published documents did not provide further details regarding this initiative.

"This budget underscores how crucial rail is to the future of the economy in every corner of the country."

In addition, a new railcard will be offered for those aged 26 to 30, which will allow holders to purchase rail tickets at a reduced price.

Commenting on the Budget, Rail Delivery Group chief executive Paul Plummer said: “This budget underscores how crucial rail is to the future of the economy in every corner of the country.

“It is good news that there is support for local decision making, and investment in skills and infrastructure, particularly in the North of England.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“It is also good news that the government has chosen to build on the forthcoming trial of the 26-30 Railcard by Greater Anglia on behalf of the wider industry.”

An additional £337m has been allocated to go towards a fleet of new trains on the Tyne & Wear Metro, while a further £6m will be provided for the Midlands Connect motorway and rail projects.

KPMG transport UK head Ed Thomas said: “Today’s announcement of a £1.7bn Transport Fund for Local Transport priorities, £300m for rail connections into HS2 and funding for the Tyne and Wear Metro rolling stock will be seen to go some way to redress the balance.

“London will welcome the additional flexibility that full business rates retention will give it to fund and finance transport infrastructure.”

Hammond also announced an award of £5m for the development of digital railway upgrades in southeast England and east London.

The funding will also be used to facilitate frequent services on the branch to Moorgate in London.