Transport secretary Chris Grayling has officially launched the East West Railway Company, which will deliver a direct rail link between Oxford and Cambridge.
The link will run through the UK’s ‘Silicon Valley’ when it is completed in the mid-2020s.
The Company has been set up to deliver the design, construction and operation of the continuous railway link between the two university cities. It said all of the three sections of the scheme can be delivered for less than £1bn as opposed to the original £1.5bn scheme.
East-West rail map
Rob Brighouse, interim chair of the company, said: “This railway has huge potential to spread prosperity all the way along the line, making life better for those who live and work here.
“That’s why it’s so important to deliver it quickly and cost effectively; and that’s what the East West Railway Company has been set up to do. We are working very closely with local representatives, to make sure we build a railway that works for the passengers and the communities it will serve.”