01/03/2013
Government To Fully Fund Crossrail Plans
The governments contribution to the planned Crossrail scheme has increased from £350m to the full £1 billion, after they decided that attempts to secure private finance risked delaying the project beyond 2018.
Fearing similar problems Siemens encountered in securing financing for its Thameslink trains contract, transport secretary, Patrick McLoughlin, has agreed to the proposals from the mayor of London, Boris Johnson, and abandoned private finance plans.
The government will now fully fund the new fleet of trains and maintenance facilities for Crossrail.
Last September bidders were invited to apply for a government guarantee to help secure financing, in an attempt to speed up the delivery of the project.
(H)
Fearing similar problems Siemens encountered in securing financing for its Thameslink trains contract, transport secretary, Patrick McLoughlin, has agreed to the proposals from the mayor of London, Boris Johnson, and abandoned private finance plans.
The government will now fully fund the new fleet of trains and maintenance facilities for Crossrail.
Last September bidders were invited to apply for a government guarantee to help secure financing, in an attempt to speed up the delivery of the project.
(H)
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04 October 2011
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All Island Approach To Open Up Renewables Opportunities
Ministers from the UK, Republic of Ireland, The Channel Islands and the Isle of Man have signed up to a historic deal to cooperate on exploiting the major wind and marine resource in and around the islands. The states involved agreed to co-operate in the All Islands Approach to energy at this afternoon's British Irish Council in London.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.