Exact(10)
Mr Murphy says his version of QE would be used only for small projects of up to £100m, such as minor rail electrification work or rural broadband.
The train operators will work closely with the region's newly established transport body, Rail North, as the government pledges more devolution alongside a transformation of the rail network, despite delays to promised electrification work.
The review was commissioned by the Treasury last summer after the admission that Network Rail was not going to complete its £38bn five-year plan, owing to massive overspending on electrification work.
Shaw's review was commissioned by the Treasury at the 2015 budget, soon after the admission that Network Rail would fail to deliver the upgrades in its £38bn five-year plan, after overspending on electrification work.
Delivering his budget two weeks after electrification work on the crucial TransPennine route was put on ice, prompting claims his "northern powerhouse" had turned into a "northern powercut", the chancellor said the introduction of "Oyster-style smart and integrated ticketing" across bus, tram, metro and rail services throughout the region was a "top priority".
Then the transport secretary, Patrick McLoughlin, stood up in parliament last month and admitted that promised electrification work on the notoriously unreliable Manchester-Leeds route was being "paused", while the Great Western railway, which runs from London to Bristol and beyond, was a "top priority".
Similar(50)
This week, Osborne announced the unblocking of the suspended rail electrification works.
He also said there would be a full review of Network Rail's processes in estimating costs after missed targets and overspending on electrification works.
It said that even after the planning and budgeting failures, there remained far too much uncertainty over the costs and delivery of major rail electrification works on the TransPennine route and the Midland Main Line, and that more projects could be delayed to balance the books.
The platforms were extended during the electrification works of 1957 60.
The company raised £1 million (£ today) to carry out the electrification works including the construction of the generating station and supplying the new electric rolling stock.
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