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Cost of Great Western mainline electrification project triples to £2.8bn

Network Rail chief Mark Carne admits inadequate planning as public accounts committee bewails ‘staggering increase’The cost of electrifying the Great Western Railway mainline has tripled from the original estimate to as much as £2.8bn, an overrun that puts a host of other rail improvement schemes in doubt.Mark Carne, the chief executive of Network Rail, told the public accounts committee on Wednesday that the delayed project to electrify the London to Cardiff line would cost £2.5bn-£2.8bn instead of the £874m projected in 2013. Continue reading...

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Thursday, 22 October 2015

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  • Cost of Great Western mainline electrification project triples to £2.8bnNetwork Rail chief Mark Carne admits inadequate planning as public accounts committee bewails ‘staggering increase’The cost of electrifying the Great Western Railway mainline has tripled from the original estimate to as much as £2.8bn, an overrun that puts a host of other rail improvement schemes in doubt.Mark Carne, the chief executive of Network Rail, told the public accounts committee on Wednesday that the delayed project to electrify the London to Cardiff line would cost £2.5bn-£2.8bn instead of the £874m projected in 2013. Continue reading...

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  • Cost of Great Western Railway electrification soars to £2.8 billion The cost of installing electric trains through Bristol has trebled - and could rise even further. Network Rail chief Mark Carne admitted the latest estimate of the cost of electrifying the Great Western Railway mainline between Paddington and Cardiff was now between £2.5 billion and £2.8 billio

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Chartered Institute of Logistics and Transport

  • TfL awards new �6.5m contract to Loughborough Tube and Rail supplierLondon Underground's Managing Director, Nick Brown, made the announcement during a visit to the factory floor with Nicky Morgan, MP for Loughborough. The Brush name has been synonymous with quality engineering and the supply of railway and public transport equipment since 1865. The £6.5m contract will see the company working on trains for the Piccadilly line which sees around 200 million passenger journeys per year. The Piccadilly line will be the first to have the modern, air-cooled New Tube for London trains in service around 2022. Nick Brown said: `Brush Traction is playing an importa...
  • �40m project to create 600 jobs at Port of FelixstoweHutchison Ports (UK) Ltd has submitted plans to Suffolk Coastal council to develop part of the oldest area of the Port of Felixstowe, off Dock Road, just inside Dock Gate One. The £40million scheme – which will reuse the now decontaminated site of the old Calor Gas Terminal liquid propane gas installation, part of the Tank Farm bulk liquids storage centre area, and several haulage yards – will see some port roads wiped off the map to be replaced by four huge warehouses, providing almost 1million sq ft of space tailored to the needs of customers . It is the first phase of a ...
  • UPS advises distributors to adapt selling model for growthInternational distributors of all sizes have a wide range of opportunity for growth open to them, according to the findings of a new study from parcel carrier UPS.� According to the report, changing market conditions are posing a challenge to the long-standing business models of distributors - and UPS has advised adapting accordingly.� It was established that buyers are increasingly willing to purchase outside of their existing supply base - and four factors are changing the relationship between distributors and their customers.� These are increasing buyer expectations, growth of direct-from-m...

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