Operator to fund improvements on the Edinburgh to Glasgow line, cutting journey time to 35 minutes
Network Rail will fund a £1bn of programme of railway improvements in Scotland. The operator has agreed to borrow money against its own assets to fund the Edinburgh Glasgow Improvement Programme (EGIP).
A Network Rail spokesperson said: "Transport Scotland has asked Network Rail to use our Regulatory Asset Base to facilitate the funding of the Edinburgh-Glasgow Improvement Programme."
The programme includes plans to electrify the busy Glasgow to Edinburgh railway line, which could cut journey times between the two cities to around 35 minutes.
Network Rail said the work will be finished by 2016.