RIA Scotland welcome rail decarbonisation funding commitment
Posted: 8 September 2023 | Elliot Robinson (Editorial Assistant - Global Railway Review) | No comments yet
RIA Scotland has welcomed announcements by the Scottish Government which commit to rail decarbonisation funding.
Credit: RIA Scotland
RIA Scotland have welcomed a £140 million funding commitment for the East Kilbride Enhancement Project which will mean a more reliable and zero-carbon train service for passengers. The rail supply chain has a good delivery record in Scotland and is working closely with Scotland’s Railway to innovate and continuously improve. Key to efficient delivery is a rolling programme of electrification which allows skills to be retained and developed.
“A key focus in the year ahead will be to work across the public and private sectors to drive forward agreed recommendations from the Investor Panel on how we attract private investment for large scale infrastructure projects and use public spending more effectively to crowd in private capital,” Humza Yousaf, First Minister of Scotland, said.
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RIA have consistently called for more consideration of opportunities for private investment in railway infrastructure and in March 2023 produced a report named, ‘How can the UK railways secure more private investment?’. This report identified four key challenges and put four key asks to UK Government. The paper has been written following input from members and stakeholders from other industries, such as energy and water, and calls for a clear policy on rail and private investment.
“RIA Scotland welcomes the confirmation of full funding for the East Kilbride Enhancement Project as the latest step towards the ambition to decarbonise Scotland’s Railway by 2035,” David Clarke, RIA Scotland Director, said. “We hope this is a step towards funding of the next stages of the Decarbonisation Action Plan. This project will enhance a key transport corridor, providing a more reliable, more inclusive, and greener railway. We also welcome First Minister Humza Yousaf’s statement in the Programme for Government that a ‘key focus’ will be on attracting private finance into infrastructure projects. The rail supply chain is committed to cost effective project delivery and RIA Scotland look forward to engaging in the conversation about the role private investment can play in Scotland’s Railway.”