Network Rail told to spend additional £1bn on railway upgrades after timetable debacle June 12, 2018 Network Rail needs to spend a further £1bn on Britain's railways in order to prioritise reliability and safety after recent performances have failed passengers, the rail regulator has said. In its review of Network Rail's five-year spending plan, the Office for Road and Rail (ORR) said the total budget for maintenance and renewal should be [...]
Initial costs for HS2 civil works costs are £1bn over budget June 12, 2018 Costs for main civil works on the government's controversial High Speed 2 (HS2) project are coming in £1bn over budget. HS2 currently has a target for construction costs of £6.6bn, while its overall budget for the project is £56bn. The New Civil Engineer has reported that interim costs submitted by contractors are currently above the [...]
What you need to know about the June Tube strike that could mean no Jubilee Line service and busier stations than usual June 12, 2018 A 24-hour Tube strike is still set to go ahead on Thursday due to a row over new timetable changes. The Rail, Maritime and Transport (RMT) union is holding a walkout on Thursday 14 June, pending further talks with Transport for London (TfL). Here's what we know so far about the likely disruption… Which line [...]
Easyjet says a third runway at Heathrow will mean lower fares and new routes June 12, 2018 Easyjet has said fares would drop by around a third if Heathrow is given the green light to expand. The budget airline said the contentious expansion of the airport would allow low-cost carriers to enter the airport for the first time, resulting in increased competition that would drive down fares for passengers. While also allowing [...]
British Airways-owner IAG in the spotlight over excessive exec pay June 12, 2018 British Airways-owner IAG has been criticised by a shareholder advisory group for excessive executive pay. Advisory group Pirc has recommended shareholders abstain on IAG’s remuneration report over concerns about excessive pay for its chief executive. Pirc said that the pay of chief executive officer (CEO) Willie Walsh was “unacceptable” when compared to an average employee, [...]
TfL issues travel advice for Thursday’s 24-hour Tube strike and warns Jubilee Line passengers of disruption June 12, 2018 Commuters on the Jubilee Line are being warned to brace themselves for further strike action on Thursday which will mean no services will be in operation. The Rail, Maritime and Transport (RMT) union is currently in talks with Transport for London(TfL) to prevent the action going ahead. If it does go ahead, there will be [...]
DEBATE: Does the UK economy need a third runway at Heathrow? June 11, 2018 Does the UK economy need a third runway at Heathrow? James Ramsbotham, chief executive of the North East England Chamber of Commerce, says YES. The cabinet backed Heathrow’s North West runway plan for the same reason the independent Airports Commission recommended it in 2016: Heathrow is the UK’s only hub airport. The Commission came to [...]
First look: London’s roadmap to becoming the world’s smartest city June 11, 2018 Mayor of London Sadiq Khan will today reveal more details around his plan to make London the world’s smartest city, as chief digital officer Theo Blackwell gives City A.M. the inside scoop. The Smarter London Together roadmap, which will be discussed in full tomorrow in collaboration with Transport for London (TfL), is proposing more than [...]
City groups raise concerns over Elizabeth Line crowding after Oxford Street pedestrianisation is ditched June 8, 2018 Businesses and environmental groups have expressed concern that Westminster council's decision to pull the plug on Oxford Street will lead to dangerous levels of overcrowding once the Elizabeth Line comes into force. The council announced yesterday evening that after consulting with residents it has decided to take the plans "off the table for good". The [...]
Oxford Street pedestrianisation plans cancelled: Mayor Sadiq Khan hits out at ‘betrayal’ of millions of Londoners June 8, 2018 The mayor of London Sadiq Khan has hit out at the "betrayal of millions of Londoners" after Oxford Street pedestrianisation plans were shelved by Westminster City Council yesterday. "This will be seen as a betrayal of the millions of Londoners and visitors to our city who would have benefited from making Oxford Street a safer, [...]