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.
More top news
Masked machete-wielding raiders stormed into a convenience store and threatened the assistant, before stealing cash, cigarettes and alcohol.
GPs have a public duty to tell authorities if a patient is driving against medical advice, new guidance from the GMC says.
The Government may be about to announce a new levy on council tax of up to 2% to replenish social care budgets.