Posts tagged Oxford

Good News for the Trades as the Government Unveils a £9 Billion Investment in Rail Infrastructure

“Growth-boosting railway projects to help for the creation of new electrical, plumbing and engineering jobs”  

The Government has announced a £9.4 billion infrastructure investment package that will deliver sustainable economic growth and pave the way for thousands of new jobs for people in the trades, the Department for Transport revealed today.

The plan includes the electrification of a number of railway schemes including the Midland Main Line between Bedford and Sheffield creating new jobs in the electrical engineering sector.

Other rail improvements contributing for the creation of more employment opportunities for trade professionals including electricians and engineers, have been announced for the Manchester area, south Wales and East Coast Main Line

Prime Minister David Cameron called it the “biggest modernisation of our railways since the Victorian era” with the deputy Prime Minister, Nick Clegg, naming it as “the biggest expansion in railways in over 150 years”.

The £9 billion investment of growth-boosting railway upgrades across England and Wales will mean faster journey, more reliable services and an increased capacity for 140,000 extra daily commutes, Transport Secretary Justine Greening said in a statement.

Prime Minister David Cameron said: “From Crossrail, high speed rail and now the billions of pounds of investment we are announcing today, this government is committed to taking the long term decisions to deliver growth and jobs.

“In what is the biggest modernisation of our railways since the Victorian era this investment will mean faster journeys, more seats, better access to stations, greater freight links and a truly world class rail network.”

Chancellor of the Exchequer George Osborne commented he was pleased with the government’s decision to fund in full the Northern Hub which will help rebalance the UK economy and enable future economic growth throughout the regions.

Mr Osborne said: “This government is making more funds available to invest in rail projects than at any time since the Victorian era, and shows that the government is committed to delivering on its promises to support investment in public infrastructure that will support economic growth.”

As reported on the BBC website some of the newly announced major improvements include:

  • Electrification – completion of the Midland Main Line from Bedford to Sheffield costing £800m, local lines in the Welsh Valleys, costing £600m, and an extension of the already-announced electrification between Manchester and Leeds
  • The Northern Hub – a series of projects around Manchester worth £322m that improve northern rail capacity to get more and faster trains across the north of England
  • Upgrades to the East Coast Main Line from London to Leeds and Newcastle worth £240m to create faster journeys and capacity
  • The reopening of the east-west link from Oxford and Aylesbury to Milton Keynes
  • Electrification of the lines from London to Bristol and Cardiff, and from Manchester to Liverpool, Blackpool and Leeds
  • Upgrades to stations and tracks creating capacity for an additional 140,000 daily rail commutes at peak times, including £350m for lengthening platforms at London’s Waterloo station

 

What’s your reaction to the huge investment in rail infrastructure projects across England and Wales which is expected to boost the economy and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.

 

Building Plans for Oxford Shopping Centre gets Approved

Oxford City Council has given the green light to construction work at Westgate Shopping Centre which will create as many as 2,500 new jobs, many of them in the building construction sector. 

The investment of £330 million for redevelopment of the 750,000 sq. ft. shopping area will create 90 new shops, bars, restaurants and cafes. Building work towards fulfilling the project is expected to boost the economy and create more jobs in Oxford.

Councillor Deputy Leader, Ed Turner, described the decision for the project as “fantastic news for Oxford” in regards to the positive contribution the redevelopment plans would have on the City of Oxford.

Nigel Wild, president of Oxfordshire’s Chamber of Commerce, welcomed the improvements saying that such investment would benefit Oxford with raising more business revenue and higher income.

Mr Wild said: “Shopping in Oxford has been traditionally poor and we need that kind of development in order to attract people to make it a destination city.”

Although, there has been some opposition to the project from environmental groups and some non-government organisations, building work is likely to begin in 2014; this will also include construction work of an underground car park and extension of existing shopping establishments.

Do you welcome the decision of Oxford City Council to approve the £330 million redevelopment of Westgate Shopping Centre? How is the investment going to benefit you or your business? Share your thoughts by leaving a comment below:

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