Network Rail worries inflation will eat into £44bn investment plan

By Daniel Gayne2022-12-02T07:00:00

Upcoming funding settlement to cover five year period from spring 2024

Network Rail’s board is concerned that inflation could scupper investment plans for the next five-year funding settlement, outlined yesterday by the transport secretary.

In a written statement to parliament, Mark Harper set out the government main objectives for £44bn of investment in the rail body over control period 7, which runs from April 2024 to March 2029.

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