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Transport Update
01 December 2022
Type
Written Ministerial Statement
Department
Department for Transport
At a Glance
Issue Summary
The statement addresses the funding and objectives for railway infrastructure in England and Wales for the next five-year period (Control Period 7 from April 2024 to March 2029).
Action Requested
The minister is announcing the publication of the High-Level Output Specification and Statement of Funds Available, setting out £44 billion for Network Rail to spend over the Control Period. Network Rail is expected to develop detailed plans in collaboration with its customers.
Key Facts
- The funding period covers April 2024 to March 2029.
- Government investment totals £44 billion.
- The High-Level Output Specification outlines rail reform and focuses on operations, maintenance, and renewal.
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Assessment & feedback
Summary accuracy