Railways (Modernisation) (Hansard, 2 February 1988)

HC Deb 02 February 1988 vol 126 c525W 525W

§ Mr. Adley
To ask the Secretary of State for Transport if he will make a statement on the progress of railway modernisation since the passage of the Transport Act 1962.

§ Mr. David Mitchell
Since the British Railways Board was set up in 1963 it has invested over £11.5 billion in today's prices, in renewal and replacement of the railway. It has now embarked on its biggest renewal programme since the modernisation programme in the 1950s and 1960s.