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The largest programme of rail investment since Victorian times.
It was Labour that announced an ambitious programme of rail electrification back in 2009.
On June 27th Danny Alexander, the chief secretary to the Treasury, touted an infrastructure plan as "the largest programme of rail investment since Victorian times".
McLoughlin said: "This programme is a major step in delivering tangible improvements to services, providing long-term certainty to the market and supporting our huge programme of rail investment.
On Tuesday, the Network Rail chairman, Peter Hendy, said that expanding the line to Stansted to four tracks was likely to be a priority for many in the government when it drafts the next programme of rail upgrades from 2019.
Rail Minister Theresa Villiers said: "We are pressing ahead with a massive programme of rail improvements to tackle crowding and improve services and rail fares are making an important contribution to delivering this at a time when taxpayer funds are limited by the pressing need to tackle the deficit".
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"We have embarked on one of the biggest programmes of rail investment ever, with over £35bn being spent to enhance and run our rail network over the next five years.
Mr Hammond said: "We are now embarked on one of the biggest programmes of rail investment for 100 years, delivering more than 2,700 new rail carriages, a £900 million programme to electrify more lines and the vital Crossrail and Thameslink projects in London.
Network Rail reckons that, by next year, performance will be as good as it was before the Hatfield rail crash in 2000 (see chart), which prompted a huge, costly and disruptive programme of track repairs and speed restrictions that satisfied politicians' need to be seen to be doing something, but produced little overall gain in safety.Even the long-suffering passengers are beginning to notice.
At its heart would be a campaign to revive the ability of governments to implement the sort of industrial activism needed to protect domestic industries; opposition to the TTIP – the Transatlantic Trade Investment Partnership; and a programme of nationalisation of rail and postal services (though it is not clear to me that this would be illegal under existing EU rules).
"I know that members and their constituents want to see these improvements, and I am determined they will happen – but in parts of this programme Network Rail's performance has not been good enough".
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