Finance
Historic England awards grant to repair remains of historic railway bridge
Historic England has awarded Durham County Council £161,000 to repair and revitalise the remains of the world’s first iron railway bridge.
Completed in 1823, Gaunless Bridge was designed by ‘father of the railways’ George Stephenson and spanned the River Gaunless...
Finance
GCRE takes next step in private investment process
The Global Centre of Rail Excellence (GCRE) has outlined the next phase of its plans to bring private sector investment into the company, GCRE Ltd.
When it opens in 2025, GCRE will provide world class research, testing and certification of...
Finance
Millions awarded to transform transport links as part of Government’s Levelling Up Fund
The Rail Industry has welcomed a Government announcement confirming that £672 million worth of levelling up funding will be invested to develop better transport links across the UK.
Key rail projects which will see funding as part of the package...
Finance
Major investment to kick-start VLR revolution
The Coventry Very Light Rail (CVLR) transport system is to be showcased on the streets of Coventry as part of a real-world testing programme following the approval of funding by regional transport bosses.
The West Midlands Combined Authority (WMCA) Board...
Business
TÃœV Rheinland acquires clearance specialist D/Gauge
TÃœV Rheinland has acquired the UK railway clearance company D/Gauge. The UK company and its 28 employees will become a subsidiary of TÃœV Rheinland UK and fully integrated into its existing structure.
D/Gauge is at the forefront of the clearance...
Finance
Rail industry finances show signs of recovery says ORR
The Office of Rail and Road (ORR) has today published its latest Rail Industry Finance (UK) statistical report. The report shows the income, expenditure and government funding of the UK rail industry for the financial year 1 April 2021...
Finance
TfL long term funding settlement agreed
The Secretary of State for Transport, Grant Shapps has announced the agreement of a new long-term funding settlement between Transport for London (TfL) and government. The final extraordinary funding settlement expired on 3 August and a new settlement has...
Electrification
Transport Secretary boosts investment for rail in the North to over £9 billion
Passengers in the North are set to benefit after the Transport Secretary, Grant Shapps more than trebled the investment for TransPennine route upgrades (TRU). The increased spending should cut journey times and reduce carbon emissions by up to 87,000...
Company News
Hitachi Rail completes acquisition of Bombardier Transportation’s contribution to the ETR 1000 platform
Hitachi Rail has successfully closed the acquisition from Alstom of intellectual property rights and business activities related to Bombardier Transportation’s contribution to the ETR 1000 high-speed trains operating in Italy, France, and Spain.The transaction is part of Alstom’s commitments...
Finance
ORR to simplify guidance for rail investors
The Office of Rail and Road (ORR) has announced plans to modernise and simplify its own Investment Framework.
The Investment Framework sets out legislation and processes for anyone wishing to invest in the rail industry, including the role of respective...
Latest News
ORR review leads to 50% reduction in maximum fees for ticket refunds
New rules will mean that from 2 April the maximum fee that train operators and ticket retailers can charge...