Sadiq Khan warns for ‘severe tube and bus disruption’ if govt does not cough up £1.9bn for London transport funding November 18, 2021 Sadiq Khan, the mayor of London, warned this morning that without urgent Government investment London’s bus and tube services could be severely disrupted because of a £1.9 billion funding gap. Sadiq Khan says bus services could be reduced by a fifth and tube services by almost 10% unless the Government steps in with an injection [...]
UK transport infrastructure poised for perfect storm, warns leading economist November 9, 2021 The UK’s transport infrastructure needs to brace itself for an environmental and logistical perfect storm, warned economist Walter Boettcher. In his report ‘Clicks & Consequences – accommodating the rise of e-commerce,” Dr Boettcher, Colliers’ UK head of research and economics argued that the rise of e-commerce is exposing the fragility of the supply chain system, inhibiting [...]
Budget: Chancellor admits transport investments will get £1.5bn of new money October 24, 2021 Chancellor Rishi Sunak has admitted that out of the £7bn pledged for transport investments, only £1.5bn has not yet been allocated, the Independent reported. Speaking this morning on Trevor Phillips on Sunday, Sunak said the government “topped that up by £1.5bn” when asked about the actual amount of funding that will come from new money. [...]
UK to invest £620m in EV transition as part of net zero plan October 19, 2021 The UK Government has announced it will invest £620m to support the transition to electric vehicles (EV) as part of the Net Zero strategy unveiled today. “By moving first and taking bold action, we will build a defining competitive edge in electric vehicles, offshore wind, carbon capture technology and more, whilst supporting people and businesses [...]
Cabotage is the “wrong tool” for the HGV crisis says haulage industry October 19, 2021 The Road Haulage Association (RHA) has called cabotage “the wrong tool” if the UK Government wants to relieve the HGV pressure that is in part causing the supply chain crisis. Speaking in front of the Business, Energy and Industrial Strategy (BEIS) committee, RHA’s director of policy Duncan Buchanan said this morning that cabotage will be “shockingly [...]
Alinda Capital to raise £350m for floating subscription October 19, 2021 Close-ended investment company Alinda Capital Infrastructure Investments has announced its intention to float on the London Stock Exchange and is raising £350m to offer ordinary shares at an issue price of 100p. The firm is also expected to issue a further 650 million ordinary shares in the 12 months following the placing programme, which will [...]
National Express enjoys revival in revenue October 14, 2021 National Express has enjoyed a revival in revenue as passengers return following the end of pandemic restrictions. The bus company has reported that the number of UK customers using its services has reached 76 per cent of pre-pandemic levels from 2019. Its domestic business UK Coach is now operating 56 per cent of services, up from [...]
Rail Passenger Service Contracts to be introduced from November October 13, 2021 The Department for Transport (DfT) has announced that from 4 November Passenger Service Contracts (PSCs) will be introduced for all rail operators. As part of the Williams-Shapps plan for rail, the PSCs will replace the old franchising system where each operator would set timetables, fares and collected revenues on its part of the network. According [...]
TfL unveils designs for Covid-19 transport victims’ memorial October 11, 2021 Transport for London (TfL) has unveiled designs for a memorial to honour London’s transport workers who died from Covid-19. Set in Aldgate’s Braham Street, the memorial will feature a plaque paying tribute to the pandemic’s transport victims and will be surrounded by several benches and a cherry tree. TfL is expected to submit a planning [...]
‘Shocking’ transport gap revealed between north and south of UK October 8, 2021 UK think-tank Onward has revealed a staggering gap between the north and south of the UK when it comes to the number of jobs that are easily reachable by car and public transport. Mapping those jobs that can be reached within an hour’s drive or a 90-minute commute, researchers found that some parts of England [...]