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Railways: Finance

Question for Department for Transport

UIN 181028, tabled on 14 April 2021

To ask the Secretary of State for Transport, how much of the £4.2 billion for intra-city transport settlements referred to in Build Back Better: our plan for growth will be invested in the existing rail network.

Answered on

20 April 2021

As announced at Budget 2020 and confirmed in the subsequent Spending Review, the Government is investing £4.2 billion in the transport networks of eight city regions across England from 2022/23.

This funding will be delivered through multi-year consolidated transport settlements negotiated with central Government and based on plans put forward by city regions.

It will be for the eligible Combined Authorities, in their role as the local transport authorities, to prioritise projects within their local areas.

The Department is looking forward to working towards and agreeing settlements based on each eligible city region’s transport priorities.