RIA London & South East Manifesto

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RAIL MANIFESTO LONDON & SOUTH EAST Key Regional Stats In London & the South East, rail contributes: • £20.7bn GVA to the economy; • 305,000 jobs;

As London and the South East recovers from the Coronavirus pandemic, transport, and rail specifically, is well-placed to spur economic growth and provide jobs and investment for communities. The region will also no doubt play a key role in the UK’s wider recovery, especially given its international connectivity and transport links.

• £6.5bn in tax revenue.

The London Mayor has considerable authority to determine transport policy and deliver key projects in the city. So, looking to the May 2021 London mayoral and London Assembly elections, transport should be high on the agenda.

RIA’s Key UK Asks

Ahead of the elections, RIA has set out five recommendations for London and the South East’s future political leaders, complimenting our five key UK asks (left).

1. Continue to invest in major rail schemes post-Coronavirus and support rail’s role in supporting the economic recovery; 2. Increase visibility of rail schemes, including publishing the Rail Network Enhancements Pipeline; Williams Rail Review; Integrated Rail Plan and Transport Decarbonisation Plan; 3. Begin a rolling programme of electrification and orders for low carbon rolling stock, in order to decarbonise the network; 4. Bring forward digital signalling work to ensure the UK is able to meet the backlog in signalling work; and 5. Include rail in future trade deals and support the sector as a significant export in its own right.

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Recommendation 1 To establish long-term, multi-year financial settlements for Transport for London (TfL), in order to provide funding certainty for businesses and an investment pipeline. Following the pandemic, the rail supply chain, like many industries, will need certainty from Government about upcoming work. This need is particularly acute in the rail industry given the long-term nature of funding and projects and the technical skills required to complete these projects. Moreover, TfL has continued to receive short-term emergency funding settlements from the Government, the latest of which will cover only until shortly after May’s election. Rail businesses all over the UK who work on rail schemes in and around the capital will require certainty over what the future looks like. This is why RIA and our members would recommend longer term, multi-year, funding settlements – similar to Network Rail’s five-year Control Period system – to provide TfL with the support it requires to recover from the pandemic, as passengers return to the network.

ria@riagb.org.uk www.riagb.org.uk


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