Is Network Rail's multi-billion plan for rail expansion good news for the North West?
Councillors are set to approve the demolition of Preston bus station.
A report out today claims taxpayers face a 'significant' bill following a government U-turn over who operates trains in our region.
Chancellor George Osborne said HS2 will be a "huge boost" in the North West and will create thousands of jobs.
The second phase of the HS2 high speed rail network is still subject to a consultation, but the government is proposing building could begin around 2025, with the line opening by 2033.
Osborne spoke to ITV News about the announcement at his visit to Lucchini UK, a Manchester-based manufacturers, which makes train wheels and other specialist items for the railway industry.
Network Rail has called the government's announcement of the HS2 extension a "game-changer" for Britain's railway network. Chief executive David Higgins said:
– David Higgins, chief executive, network rail
Unprecedented growth in the last ten years has seen passenger journeys grow by 50 per cent to almost 1.5bn a year and that number is set to continue to grow. More people use the railways today than at any time since the Second World War, on a network half the size it was then ...
This is a rare chance to stop playing catch-up on capacity.
He added that Network Rail was already planning to ensure that HS2 would integrate with the existing network with as little disruption as possible.
The chief executive of Manchester Airport owner MAG, Charlie Cornish, has welcomed the news that the HS2 route will stop off at the airport.
"Along with the city centre station, it will provide an additional boost to the economy of the region.”
The Chancellor George Osborne has visited a train wheel maker in Trafford Park following the announcement on HS2 rail link.
He visited Lucchini UK, a Manchester-based manufacturers, which makes train wheels and other specialist items for the railway industry.
Chancellor George Osborne said HS2 will be an "engine for growth" in the North and Midlands, and will create tens of thousands of jobs.
He acknowledged that communities along its route would face a "very difficult" disruption to their lives, but said the economic benefits were "pretty compelling". He told BBC Breakfast:
– Chancellor George Osborne
I think it is the engine for growth in the North and the Midlands of this country. I think it is going to create tens of thousands of jobs in Manchester and across our great cities.
In the end, as a country, you have got to make those long-term choices. If our predecessors hadn't decided to build the railways in the Victorian times or the motorways in the middle part of the 20th century, then we wouldn't have those things today.
The Department for Transport have released a video detailing the HS2 route along with estimated journey times.
The company formerly known as BAA is to sell Stansted airport to the Manchester Airports group for £1.5 billion.
The deal, announced late this evening, will mean that BAA - now known as Heathrow Airport Holdings - will be responsible for just four UK airports compared with its original seven.
The remaining ones are Heathrow, Southampton, Aberdeen and Glasgow.
Preston bus station could be demolished after councillors in the city voted in principle to tear it down.
But before it is bulldozed, they want another report on the cost of saving it.
It costs the city council around £300,000 a year to keep it running, which it says it can no longer afford.
An initial report by Lancashire County Council found refurbishing it would cost between £17m and £23m.
Now the city council will appoint its own consultants to get another estimate for refurbishment.
Preston bus station is set to be demolished after town hall buses say they can't afford to pay £300,000 a year to keep it open.
The city council said taxpayer's money would be better spent knocking it down and building a more modern facility.
Councillors will make the decision on December 17.