Network Rail property sell-off to fund upgrade projects Ι Construction Enquirer

  • Network Rail plans to raise £1.8bn from selling some of its property portfolio.
  • New Network Rail chairman Sir Peter Hendy yesterday published his review into the five-year funding programme to 2019 yesterday.
  • Network Rail will be able to stick to most of its planned £38bn spending programme with extra investment generated from the sale of non-core railway assets.
  • The remaining projects will be delivered after 2019 so that Network Rail remains within its funding envelope.
  • He said: “The extra investment secures a Railway Upgrade Plan that delivers better stations, faster, more frequent and longer trains and a safer and more reliable railway for millions of passengers and businesses.