A third of the government’s £6.4bn support for rail in 2017/ 18 was spent on High Speed 2 (HS2).
The spending was revealed in figures published in the Office of Rail and Road’s Annual Statistical Release.
Of the £6.4bn funding, £4.2bn was given as direct rail support to Network Rail, £2.1bn given to HS2, £297M to “other” projects and £5M to passenger transport executives (PTEs). PTEs are the strategic transport bodies serving the six largest city regions outside London.
The £6.4bn is £601M higher than in 2016/ 17.
According to the statistics, government support peaked in 2006/ 07 (£7.7bn after being adjusted for inflation), but has since fallen by 16.9%.
The report also says that a net total of £1.3bn had been invested by private companies during 2017/18, an increase of 36.1% on the previous year.
Of this, the report reveals £1bn had been invested in rolling stock which represented the highest value recorded.
Private investment in stations during 2017/18 was £72M, accounting for 5.6% of total private investment. This was the highest amount invested since 2007/08.
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