Finance

The Secretary of State for Transport, Grant Shapps has announced the agreement of a new long-term funding settlement between Transport for London (TfL) and government. The final extraordinary funding settlement expired on 3 August and a new settlement has...

Passengers in the North are set to benefit after the Transport Secretary, Grant Shapps more than trebled the investment for TransPennine route upgrades (TRU). The increased spending should cut journey times and reduce carbon emissions by up to 87,000...

Hitachi Rail has successfully closed the acquisition from Alstom of intellectual property rights and business activities related to Bombardier Transportation’s contribution to the ETR 1000 high-speed trains operating in Italy, France, and Spain.The transaction is part of Alstom’s commitments...

The Office of Rail and Road (ORR) has announced plans to modernise and simplify its own Investment Framework. The Investment Framework sets out legislation and processes for anyone wishing to invest in the rail industry, including the role of respective...

Fare dodgers and fraudsters paid over £4 million to Greater Anglia in 2021 in fines from fare evasion and repayments for claiming compensation or refunds for journeys they didn’t make. The company’s revenue protection officers (ticket inspectors) issued over 54,000...