Huge investment in railways

Prime Minister David Cameron and his deputy Nick Clegg are announcing a £9 billion upgrade to Britain's railways today in a show of unity following recent tensions over reform of the House of Lords

View all 17 updates ›

Regulator: 'Investment shows confidence in the rail service'

Office of Rail Regulation chief executive Richard Price said the planned Government investment - which is scheduled to take place between 2014 and 2019 - is a strong vote of confidence in the rail service.

The Government's plan for the railways between 2014 and 2019 sets out a massive programme of investment towards achieving a world-class rail service, underlining the importance of rail in economic growth and connectivity across England and Wales.

We now need to ensure that the plan is affordable, and to work with the rail industry to set out in detail how it can be delivered.

Fundamental in our role will be ensuring that all those involved in delivering the plan work together to make every penny count and achieve the best possible value for money for passengers and taxpayers.

– Office of Rail Regulation chief executive Richard Price

More top news