East West Rail could boost economy by ‘double original estimates’

East West rail plan ENGPNL00120131114172735

East West rail plan ENGPNL00120131114172735

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Economic benefit of East West Rail could boost annual GDP by £73 million, ‘double previous estimates’, according to independent experts.

An assessment of the economic impact of the Western Section of East West Rail by Arup, an independent engineering and consultancy firm, shows the scheme could boost the regional economy by £72.7 million per year. This is almost double the £38 million previously forecast by Oxford Economics in 2010.

The significant increase is attributed to greater investment in the scheme, including electrification and other track improvements, and the benefits of the proposed service patterns and destinations served.

 

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