Network Rail plans £38bn investment to upgrade railways

A £38bn upgrade to Britain's railways is expected to be announced later today by Network Rail. More than 1.5bn passengers use the train each year and the railways are expected to carry more people than ever before by 2019.

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Network Rail to announce five year revamp plan

Britain's railways will get a £38bn investment as part of a massive revamp plan designed to tackle growing demand, Network Rail is expected to announce later today.

The investment boost was part of Government plans to create "world class infrastructure". Credit: PA

Plans are expected to include electrification of 850 miles of track from Maidenhead to Swansea and Sheffield to Bedford, as well introducing a 24 hour service to the Thameslink programme.

On top of that, £13bn will be poured into replacing and renewing older parts of the network, such as refurbishing nearly 6,000 sets of points.

Hundreds of stations across the country will be transformed including major schemes at London Bridge, Manchester Victoria, Birmingham New Street and Glasgow Queen Street.

Transport Secretary Patrick McLoughlin said: “A key part of this government’s long term economic plan is investing in world class infrastructure."

However, Network Rail is also braced for a hefty £70m fine from regulators after failing to hit its target for train punctuality.

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