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Rail subsidies vary in both size and how they are distributed, with some countries funding the infrastructure and others funding trains and their operators, while others have a mixture of both. Subsidies can be used for either investment in upgrades and new lines, or to keep lines running that create economic growth.
[66] [67] [68] Network Rail said that there would be significant disruption over at least a five year period. [ 69 ] [ 70 ] However, in an order under the Transport and Works Act 1992 (TWAO) published in March 2021, it was said that work on some of the scheme would extend beyond 2029 i.e. into a later Network Rail Control Periods , CP8. [ 71 ]
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GB rail subsidy 1985–2019 in 2018 prices, showing a short decline after privatisation, followed by a steep rise following the Hatfield crash in 2000 then a further increase to fund Crossrail and HS2 [1] The financing of the rail industry in Great Britain is how rail transport in Great Britain is paid for.
ORR holds Network Rail to account through the network licence which includes conditions relating to its management of the railway network, information provision and safety obligations. ORR is also responsible for setting Network Rail's outputs and funding requirement for each Control Period, including the access charges paid by train and ...
Support for the scheme was vociferous from civic and business leaders, due to the high benefit-to-cost ratio, and from politicians, such as George Osborne; but was also criticised for being incremental and only improving the rail network in Northern England to "where it should have been a decade ago". [11]
In June 2013 NCC commissioned Network Rail to complete a GRIP 1 study to examine the best options for the scheme. [16] NCC received the GRIP 1 study in March 2014 and in June 2015 it commissioned a more detailed GRIP 2 feasibility study at a cost of £850,000.
The line was designated a community rail service in 2008, and is one of the lines covered by the Severnside Community Rail Partnership. [39] The council subsidy was halved in 2011 at the end of the three-year deal, with the council stating that with the large increase in passenger numbers, such a large subsidy was no longer necessary. [40]