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Saturday, 28 June 2025
Politics

Rachel Reeves announces £15bn for transport projects

Rachel Reeves announces £15bn for transport projects

Billions of pound investment in transport infrastructure in England has been announced by Chancellor Rachel Reves.

This money will be spent on trams, trains and bus projects in the Middle -North and West countries in the country.

This step comes before the government reviews the next week, which will determine how much money each Whitehall department gets in the next three to four years.

Reeves is under pressure from Labor MPs to spend money after criticizing tireless economic sadness, especially related to disability and profit cuts.

Tram makes backbones of investment plans, with more and more Manchester get £ 2.5BN to expand their network in stockports and add stops to Burry, Manchester and Oldum, and West Midlands is getting £ 2.4BN to expand services in the new sports quarters from Birmingham City Center.

By 2028, the West Yorkshire Mass Transit program will also be £ 2.1bn to start construction, and new bus stations will be built in Bradford and Wakefield.

Six more metro mayors will get transport investment:

  • £ 1.5bn for South Yorkshire To renew bus services at Shefield, Doncaster and Roderham by tram network by 2027
  • £ 1.6bn for Liverpool city area Liverpool John Lenon Airport, Everton Stadium and Rapid connections to Enfield, and a new bus fleet in St. Hold and The viral next year
  • £ 1.8bn for North East To increase the newcastle to Sunderland Metro via Washington
  • £ 800 meters for the west of England To improve rail infrastructure, provide more consecutive trains between Bristol and Brabazone Industrial Estate at Bristol and City Center, and develop massive transit between Bristol, Bath, South Glostersshire and North Somerset
  • £ 1bn for tees valley With £ 60M platform extension program for midlsebruff station
  • £ 2bn for Eastern Midlands To improve road, rail and bus connections between Derby and Nottingham.

Transport Investment has marked Reaves to get away from strict rules in Treasury Green bookWhich is used by the authorities to calculate the price for the money of major projects.

The book is criticized in favor of London and southeast.

In a speech in Greater Manchester, the Chancellor stated that staying with the rules of the book means “the growth made in very few places, felt by very few people and broader gaps between areas, and between our cities and towns”.

Changing the rules will also mean more money for the answers of the answer and the midlands, including the so -called “red wall”, where Labor MPs face an election challenge from the UK.

Reeves is not the first Chancellor to review Treasury’s investment rules; Former Prime Minister Rishi Sunak also reviewed this book as part of the level of platforms to level the agenda.

Sunak had also announced some of these projects, including the development of a mass transit network in West Yorkshire, in its network North Plan, to compensate to scrap the HS2 line in north of Birmingham.

Labor reviewed these projects when he came to power in July, arguing that he was not completely funded.

Conservative Shadow Treasury Minister Gareth Davis accused the conservative government of copying and pasting the announcements made by the government.

The Conservative Mayor of Tees Valley Ben Houchen said that Labor’s decision meant that the projects in his area had been delayed by a year which was “disappointment”, but he said that he was “absolutely happy”, money was now extended.

North East Mayor Kim McGinness stated that the £ 1.8BN funding for his territory was a “game changer”, while Liverpool City region Mayor Steve Roth said that investment was “a big vote of faith in our region”.

Liberal Democrat Treasury spokesman Daisy Cooper warned that the Chancellor would now have to be distributed, as “these communities have heard the same promises before, only to be left with the Phantom Transport Network”.

He said: “Additional investment in public transport should also focus on fare cuts for hard–ranked families, surrounded by the cost of living crisis.”

Zo Billingam, head of the IPPR North Think Tank, welcomed the investment, but said that where money was provided to laying the tracks, “was still a question about the ongoing costs” and to what extent the new transport network would pay for itself.

After the speech, Reeves was asked whether there would be money for a new rail link between Manchester and Liverpool.

He replied that when he reviews his expenses, “will be more to come next week”.

Reaves’ £ 15.6BN regional transport announcements are part of a five-year funding allocation from 2027/28 to 2031/32, which a Treasury spokesperson confirmed that the current £ 1.14BN expenses for 2024-25 would double £ 2.9BN by 2029-30.

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