BRITAIN’s secretary of state for transport Mr Chris Grayling announced on October 12 that the government has allocated infrastructure manager Network Rail (NR) a budget of £47.9bn for operation, maintenance and renewals in Control Period 6 (CP6), which runs from April 2019 to March 2024.
According to the Statement of Funds Available (Sofa), the Network Grant – funding from the Department for Transport and Transport Scotland – will reach a maximum of £34.7bn, compared with £18.3bn in CP5. The remaining funds will come from other sources, primarily revenues from track access charges and property income.
The funding for the CP6 will largely cover the operations, maintenance and renewal of the existing railway, with some provision being given to Network Rail for enhancements. The majority of enhancement projects will be funded outside of the £34.7bn fund and will be dealt with separately on a project-by-project basis.
Neil Robertson, NSAR CEO said: It’s great to see ongoing high-level investment in the railway. This will create many valuable jobs and apprenticeships and will give the supply chain the confidence to invest. We will be supporting the industry with this important challenge and expect to see improving productivity along the way
NSAR has developed a suite of services together with new and innovative management tools, that can help employers wishing to take on apprentices: https://www.nsar.co.uk/services/apprenticeship-service/
For more information out NSAR services, please contact Mark Holmes: email@example.com