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April 18, 2022

Network Rail to invest £70m on 550 upgrade projects

Network Rail will undertake plain line track renewals, resignalling and maintenance works, etc.

UK-based Network Rail is set to invest £70m on 550 projects to improve rail services for passengers in the country.

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Network Rail will carry out plain line track renewals, switches, and crossings and HS2 works at London Euston and Watford North Junction.

It will commission newly installed signaling equipment on the Northern City Line. This work will be a part of the East Coast Digital Programme.

Network Rail will undertake resignalling and maintenance works between London Victoria and Balham, as well as roof renewal works at Liverpool Street station.

Under the Transpennine Route Upgrade project, the company will continue the work to upgrade the railway between Manchester and Stalybridge.

Additionally, Network Rail will carry outstation enhancement works at Gatwick Airport and track renewals and switches and crossings renewals at Bishops Stortford.

Network Rail chief executive Andrew Haines said: “While the majority of our network will be open for business as usual, we’re asking passengers who are planning to use the railway over the Early May Bank Holiday to check their journey in advance.

“Teams across Network Rail will be delivering £70m worth of upgrades, helping to make the railway more reliable and fit for the future.

“A big thanks to those teams who will be working long hours or late into the night in order to get this work done swiftly and safely, while minimising the impact on our lineside neighbours.”

Last week, Network Rail announced 530 upgrade projects across the railway network with an investment of around £83m.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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