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A £37.5 billion plan to run and expand the railways in the period 2014-19 was unveiled today by Network Rail (NR).
If approved, the plan will provide 170,000 extra commuter seats at peak times by 2019, by which time the railways could be carrying as many as 225 million more passengers than at present.
But despite the big investment plans, NR envisages no overall improvement in train punctuality compared with the trains-on-time target for 2009-2014.
A figure of 92.5% punctuality was set for the period 2009-2014 - a target which NR has failed to meet.
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Certainly, Network Rail’s plan to upgrade the railways are ambitious. Certainly, they have a massive price tag of £37.5 billion.