Network Rail to put new projects on hold [BBC News]

Date: 13/02/2018

Network Rail is to move away from big projects in its next five-year funding period in favour of spending its cash on maintaining its current network. Britain's rail and track operator has published its plan from 2019 to 2024. The company could spend up to £47bn, with the amount set aside for new schemes falling by 33% and the total for current improvements rising by 25%. It also hopes to increase the number of female employees by 50%, or more than 3,000, to about 9,500. Network Rail currently employs 38,000 people

External links

Network Rail to put new projects on hold
Crossrail development at London's Farringdon station

BBC News

From 2019, the company's focus will switch to maintaining the existing network.