In his Autumn Budget statement on Monday, Mr Hammond said the money will be used to develop the route options of the Central section of East-West Rail, from Bedford to Cambridge.
This is in addition to the £1 billion already committed to building the Western section from Bedford through Milton Keynes and Winslow to Oxford and Aylesbury.
- Pictured: Iain Stewart, MP for Milton Keynes South.
Milton Keynes South MP Iain Stewart said: “I am delighted with the announcement. East West Rail has the potential to transform journeys in one of our most vibrant economic regions but we need to make it a success and government backing is vital.
“The Western Section is progressing well and this announcement will help develop the line to the east towards Cambridge.”
The government has committed to a consultation early next year on route options for the East West Rail Central Section.
