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Light Rail Supporting Economic Growth and Sustainability

Light rail investment supports economic growth, job creation, and sustainable development by reducing congestion, promoting social inclusion, and improving the quality of life. It also provides a greener and safer transport alternative.

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Light Rail Supporting Economic Growth and Sustainability

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  1. Light Rail – Supportingthe Governments AgendaGeoff InskipChief ExecutiveCentro

  2. Strategy for Light Rail • Why:- • Fuel Prices • Congestion • Carbon • Electrification • Wealth creation • Growth and jobs

  3. Sustainable Investment Package • Sustainable Investment package will: • ensure that investment and land use planning supports primary public transport mode in corridor • demonstrate links with, and deliver, wider benefits of economic competitiveness, regeneration, social inclusion (i.e. link houses , shops and employment centres) • Give people real reliable alternative to their car • Smarter choices

  4. DfT Business Plan • Transport system that is an engine for economic growth, greener, safer, and improves the quality of Life • High Speed network connecting our cities and international Gateways helping bridge the N-S divide • Secure our railways for the future and create capacity for improving services

  5. Light Rail Investment Supports Growth and Jobs Investment in Light Rail will benefit: • Consumers • Business • Regeneration

  6. Light Rail Investment Supports Growth and Jobs • Regeneration at Salford Quays • 3,000 jobs • £60 million investment by business • Boosted Greater Manchester economy by £70 million per year

  7. Light Rail Investment Supports Growth and Jobs Independent studies of economic impact of Midland Metro Extensions • WBHE extension will create over 4000 jobs and increase GVA by £145m per annum • Full network will create 14500 jobs and increase GVA by £500m pa Proposed growth in WBH corridor will bring 29000 jobs and increase GVA by £1.5Bn

  8. Green Trams • Environmentally sustainable • low noise and emissions • Go through existing developments, supporting and strengthening new developments • Attracts car users reducing congestion

  9. Green Benefits • Congestion reduction • Better air quality • Less greenhouse gases • More urban economic development • Greater social inclusion • Renewed civic pride • preservationfor future generations

  10. Impact of Light Rail – Quality of Life • High degree of integration with other modes • Positive image attracts major investment from financial institutions • Improves journey times/increased frequencies • Improved safety quality/comfort • Social inclusion • Improved safety • Gives access to wider employment opportunities • Increased leisure

  11. High Speed RailLocal connections Early introduction of Tram conversion and tram/train is required • integral to creating the necessary capacity needed for the future development of our HS Network; • deliver real benefits to passengers allowing increased frequencies, faster journey times and improved city centre penetration; • will bridge the gap between local, urban rail services and optimise and capitalise on both heavy and light rail systems’ assets; • the application of light rail technology linking and connecting with existing heavy rail systems can create bigger networks at reduced capital cost freeing up capacity at mainline stations.

  12. Improved services and capacity The case for Tram/Train • Run on railway lines • Run on streets, and pedestrian areas • Able to operate freight and tramway on same infrastructure, improving benefits • Tram has lower operating cost than train/ high capacity • Create city/town centre connectivity to rail network and enable customers to get to destinations quickly • Technically proven

  13. View Trams as economic development projects with important transport/carbon benefits Light rail can help deliver Government’s Agenda • Business productivity • Time saved commuting, travelling on business • Economic benefits • Access to work/jobs, encouraging competition, attracting business/business clustering • Agglomeration • Consumer welfare - Faster journeys, increased frequencies, greater comfort/capacity • Environment • Reduced car emissions

  14. The Strategic case for Light Rail - a Realistic Future --DfT Business Plan

  15. DfT Business Plan Rail • Vision of/Secure a sustainable railway • Franchise Reform • Electrification • Address the high cost of the railway • Simplify funding and drive smart investment

  16. Addressing the high cost of the railway • Tram Conversion and Tram/Train • Technically proven; available with various power configurations which provide flexibility

  17. A lower cost railway • Reduce wear and tear on track • Simpler operating methods • Light rail station design • Line of sight • Capable of being extended into centres • Potential single line operation on short sections • Frees up capacity • New stops create new demand • There are a large number of potential Tram and Tram Train schemes that could be brought forward.

  18. A lower cost railway

  19. DfT Business Plan

  20. Funding the opportunity for growth Existing subsidy Capital investment Rolling Stock Infrastructure Capital and Revenue Flows = Borrowing for Tram investment

  21. Funding the opportunity for growth Tram and Tram Train investment Case by Case basis Identify projects and get on with it Experienced industry and experts World class

  22. Thank You Geoff InskipChief Executive

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