DfT backs £10bn rise in Network Rail spending

Announced by transport secretary Chris Grayling last week, the 2019-24 funding settlement provides for the company to spend up to £47.9bn
 
The funding is intended to allow Network Rail to carry out plans to increase infrastructure maintenance and renewals to improve train service performance
 
The government has announced a significant boost in funding for Network Rail, focused on projects to increase train service punctuality.The settlement for 2019-2024, announced by transport