Network Rail has confirmed £2 billion will be spent during Control Period 6 (CP6) across Wales and Borders.
In a first for Wales and Borders, the funding plan has been developed by Network Rail Wales and Borders, with in excess of a thousand local schemes earmarked to deliver upgrades and improvements to rail journeys over the next five years.
The next five years will see more money spent on railway infrastructure maintenance, enhancement and renewals than ever before; for Wales and Borders, both maintenance and renewals of existing railway are the main aims, in order to bring grater punctuality and reliability.
Network Rail has confirmed that an extra £27.7 million will be spent to improve extreme weather resilience on the railway, while £176 million is being spent on track renewals and refurbishment, and £135 million will go towards signalling improvements in West Wales.
The £2 billion for Wales and Borders represents a 28% increase from the amount spent during Control Period 5 (CP5), and a number of projects will benefit from such significant funding.
The iconic Grade II listed Barmouth viaduct and delivery of the second phase of Port Talbot re-signalling will be backed by investment of £22 million.
CP6 funding will support the investment of more than £5 billion planned by Transport for Wales over the next 15 years, which will give passengers access to improved station, increased capacity and new trains.
James Price, Transport for Wales CEO, commented: “It’s encouraging to see Network Rail committing £2 billion to maintain and renew the railway across our Wales and Borders network.
“At Transport for Wales, we have begun our investment plan of £5 billion to transform transport across the sector as a result of which passengers will benefit from new trains, improved and new stations and an overall increase in capacity across the network.”
It comes as Network Rail publish plans for CP6 investment in all areas of Britain.