Consortium earmarks £45m for East West rail link schemeNov 13, 2013
At an event in London, members of the consortium of businesses and councils along the route gave a commitment to provide £45million of funding to support the project.
Milton Keynes South MP Iain Stewart was one of the key note speakers at the event and he reiterated the support for the project and the long-term economic benefits it will bring to the region.
Mr Stewart said: ‘I have been a long-standing supporter of the East West Rail project and am delighted that it has taken this significant step forward.
"The line will be a real catalyst for economic growth in our region and is forecast to create up to 12,000 new jobs. The business case for the line is extremely sound and it is projected to generate over £38 million a year for the regional economy.”
The £45 million contribution has come from Bedford Borough, Central Bedfordshire, Milton Keynes and Aylesbury Vale District Councils. Oxfordshire County Council and Cherwell District Council have also earmarked money for the plan.
The Western Section of the line is now a committed, funded scheme to reintroduce passenger and freight services between Bedford and Oxford, Milton Keynes and Bletchley.
It will involve upgrading and reconstructing sections of existing and mothballed rail track, which is to be delivered by Network Rail.
The reopening of the line, with a spur to Aylesbury, is part of a scheme to reopen the line between Oxford and Cambridge.
- Pictured at the event in London are (from left) East West Rail project manager Patrick O’Sullivan and Iain Stewart with Cllr Janet Blake, chair of the East West Rail joint delivery board for the western section, and Steve Watson of Buckinghamshire County Council.