To ask the Secretary of State for Transport, with reference to the Spending Review 2020, what revised estimate he has for the (a) total £10.4 billion rail enhancements budget and (b) total £30.9billion operations, maintenance and renewals budget within Network Rail’s Control Period 6.
30 November 2020
Network Rail’s operations, maintenance and renewals budgets have not been changed as a result of Spending Review 2020 and workbanks will continue to be based on the five-year regulatory funding settlement for 2019-2024. The Spending Review settlement means that the comparable figure for the enhancements budget over the same period would now be £9.4bn. As part of SR2020 over £2 billion of funding has been confirmed in 2021-22 for rail services and builds on the estimated £12.8 billion of support for transport services that the government has already committed to provide in 2020-21
The Spending Review Settlement includes over £58 billion of investment confirmed for road and rail transport between 2021-22 and 2024-25, delivering some of government’s largest capital portfolios and levelling up across the country. This includes record investment in strategic roads and rail.