EAST WEST RAIL LINK: The proposed East-West Rail Link, which could go through Winslow and Bicester, could generate more than £38 million a year for the UK economy, says a leading economic forecaster.
Oxford Economics, which has just published a report on the economic case for investment, says there is a strong business case for reinstating the track and upgrading the line to enable an East-West rail service to carry passengers from Reading to Bedford via Oxford and Milton Keynes and from Milton Keynes into London Marylebone via Aylesbury and High Wycombe.
The report - East West Rail: The Economic Case for Investment - has been welcomed by those supporting an east-west rail link.
Oxford Economics’ report expands on earlier work by the engineering and design consultancy, Atkins, which said that reinstating the railway between Oxford, Milton Keynes and Bedford, represented a good business return of £6 for every £1 invested.
The East-West Rail Consortium is seeking inclusion of the scheme on the Government’s 2014-19 railway investment programme (known as HLOS – High Level Output Specification) that is due to be decided and announced by July 2012.
Further information and the full Oxford Economics Report, can be found at www.eastwestrail.org.uk.