Scottish investment in rail funded with record borrowing

Scotland’s total rail debt is forecast to reach £4.9bn by 2019, according to the Office of Rail and Road – more than double what it was in 2009The opening of the Borders railway in September came with the full royal fanfare. The Queen’s presence at its official launch crowned a surge in line upgrades and electrification, new and refurbished stations, and modernised trains.
That investment is being funded with record levels of borrowing by Scottish ministers, which is expe