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Network Rail reveals third party funding and financing wish list

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Network Rail is set to reveal its latest projects for which it is seeking third party funding. 

The list, seen by New Civil Engineer, also includes opportunities for financing.

Set to be made public this afternoon, the list is second to be published as part of the rail operator’s “Open for Business” plan in an attempt to open up the industry to third party investment. 

Listed are 45 projects, 43 which are funding opportunities and two which are financing options.

Also included are 25 additional projects which are listed as already having funding, but could be used as “potentially pilot contestable projects”.

The opportunities for third party financing are listed as the implementation of European Train Control Systems (ETCS) and traffic management on the East Coast Main Line (ECML) South Digital Railway from Kings Cross to Peterborough and the Western Rail Link (WRL) to Heathrow.

The WRL involves the construction of new rail line, 5.5km, connecting Heathrow airport to the western mainline. A bid for the WRL has already been submitted as part of the government’s call for ideas on market led rail (MLPs) by Windsor Link Railway in partnership with Skanska.

Projects on the list vary in value from under £10M to over £100M. Refurbishment of Leeds Station on the London North Eastern and East Midlands route, upgrades to Paddington Station country end concourse on the Western route and the Cumbrian Coast Line upgrade on the London North Western route are among 11 projects in the over £100M bracket.

The potentially contestable projects are all of lower value and include repairs to Windsor Viaduct on Western route and Cannon St river bridge repairs and refurbishment on the South East route.

The list is again divided into the eight different routes with additional freight route.

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