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ACE welcomes the Department for Transport’s announcement on rail investment. This should provide industry with some much needed clarity on what to expect in regards to which projects will move forward.
Transport Secretary Philip Hammond announced £8 billion of investment, and a number of electrification schemes are planned over the next six years.
Nelson Ogunshakin, ACE chief executive commented: “This announcement is a valuable clarification of plans for industry. ACE welcomes the commitment to continued investment in upgrading the rail network as part of investment in key strategic national infrastructure.”
ACE, along with CECA, undertook a study recently that revealed that 50% of businesses in the UK feel that inefficiencies in the rail network result in lost business.
Nelson Ogunshakin said: “The case for investment, done efficiently and effectively and directed to where there is greatest value, is well established. We hope that this investment will move forward in that way.”
-ENDS-
For press information please contact Gavin Pearson on 020 7202 0255 – gpearson@acenet.co.uk
Notes to editors
Pictures available on request
To read more about the ACE and CECA transport infrastructure survey, please click here.
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