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Update of Network Rails performance and the actions the government will take to hold Network Rail to account.

Mr Speaker, I wish to make a statement about Network Rail following todays (25 June 2015) publication of their annual report.

Sir Peter Hendy, who delivered Londons Olympic transport plan, appointed as new chair of Network Rail.

The Secretary of State for Transport Patrick McLoughlin announced the appointment of Sir Peter Hendy as Network Rails new chairman today (25 June 2015).

Network Rail funding gap puts brake on five-year plan, ministers admit

Soaring costs and missed targets make pledges of 38.5bn investment plan untenable, transport secretary Patrick McLoughlin expected to say The catalogue of delay, missed targets and overspending at Network Rail is set to force ministers to admit that the vaunted biggest investment in the railway since Victorian times will not deliver the projects promised in a 38.5bn five-year plan. The electrification of the Midland mainline linking London to Sheffield, described as critical to maintaining a reliable railway, is likely to be axed from the schedule as ministers attempt to get to gri...

Minister promises swift action on a new runway at Heathrow or Gatwick as decision expected within weeks

The Government cannot afford to 'stall' on deciding whether to build a controversial new runway at Heathrow of Gatwick, aviation minister Robert Goodwill told travel chiefs today.

Chesham and Amersham MP Cheryl Gillan says HS2 Select Committee see "unity of opposition" was shown during site visit

Cheryl Gillan said members of the HS2 Select Committee were made fully aware of the 'unity of opposition' to the project in Bucks this week.

Thursday, 25 June 2015

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Chartered Institute of Logistics and Transport

  • Bristol Airport west terminal expansion plan gets go-aheadPlans to speed up the passenger security scanning process at Bristol Airport have been given the go-ahead. The 24m plan will see a 9,000-sq-m extension to the west terminal building and is expected to be operational by next summer. It is some two-and-a-half times larger than the 8.5m east terminal extension set to be completed next month. An airport spokesman said the change is driven by the increase in hand baggage carried by passengers. 'Clear advantage' The work, which is the biggest construction project at the airport since the current terminal building opened in 2000, is...
  • IAG agrees funding deal for Aer Lingus takeoverIAG has said Spains Banco Santander has agreed to join with other banks to provide the aviation giant with a 1.4 billion loan to help it fund its proposed takeover of Aer Lingus. The announcement comes amid reports that IAG and Aer Lingus have met with European Commission officials to discuss competition concerns. The owner of British Airways and Iberia said in a statement issued on Tuesday that Banco Santander had joined with Deutsche Bank Luxembourg, Bank of America and BA in providing a bridge facility which will be repayable on May 26th 2016. IAG last week formally announce...

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