Coalition puts rail spending on hold

July 2010
Railway Gazette International;Jul2010, Vol. 166 Issue 7, p25
Trade Publication
The article reports on the warning issued by British Secretary of State for Transport Philip Hammond on June 14, 2010, in which he said that the new coalition government will be focusing on value-for-money in future transport spending in Great Britain. Hammond says that the aspirations for a successful railway will face a much tighter public spending. Hammond adds that the cost of the British railway is quite high compared to other railways in Europe. The need to review the structure and corporate governance of the railway industry is also discussed.


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