Budget 2012: Boost to transport investment across the UK
Transport links across the UK will be improved with a focus on the north of England, Chancellor George Osborne said in today's Budget.
To boost funding, the government will look at opportunities to follow the model of the water industry and encourage more private investment in the UK's road network.
Network Rail will be given £130 million by the government to extend electrification of the TransPennine route between Manchester and Sheffield and continue improvements to the train lines between Manchester and Preston and Manchester and Blackpool.
Within London, there will be £15 million extra for Transport For London to improve cycle safety in the city. More money will also be made available for lengthening commuter trains, extending the Underground and exploring new river crossings in east London.
Osborne said airport capacity in the South East of England needs to be improved and the transport secretary will set out the government's findings on this in the summer.
Work will continue with the Welsh government to consider electrification of the Welsh valley lines and an announcement on this will be published in the summer. While an extra £56 million will be provided for the Bexhill to Hastings link road to improve transport connections and help economic regeneration in the South East.