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Re: Train Spotters Corner
Quote:
Network Rail has ‘lost its grip’ on projects like the Manchester-Leeds electrification - and it’s costing the taxpayer.
That’s the damning conclusion from the Committee of Public Accounts, appointed by the House of Commons to probe how public cash is spent.
The TransPennine electrification was ‘paused’ after an original budget of £260m escalated to what experts claim could have been £600m following Network Rail ‘failings’.
Transport Secretary Patrick McLoughlin announced it was back on track last month following an M.E.N campaign - and there is now a 2024 completion date. But the cost has not been revealed.
The Committee of Public Account report highlights severe planning and budgeting failures in Network Rail’s current five-year investment programme.
It says the Department for Transport, Network Rail and the Office of Rail and Roads wrongly agreed an ‘unrealistic’ programme for 2014-19.
It says there is still ‘far too much uncertainty’ over costs and delivery dates for the TransPennine electrification.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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