Investing in the ‘Golden thread’ known as the Great Eastern Main Line would be worth £60 billion to the UK economy.
Mark Pendlington, chairman of the New Anglia Local Enterprise Partnership, presented the figures to MPs on the Transport Select Committee on October 27.
He said that investment in the GEML would create 205,000 more jobs, while 184,000 new homes could be built.
“Unless you invest in rail to get this, it will stifle growth and cut off inward investment,” he said.
- For more on this story, see RAIL 761, published on November 12.
Steve Russell - 03/11/2014 08:56
To increase nos even further, the reopening of the rail link from Brightlingsea to Wivenhoe would have a massive benefit to commuters, shoppers & tourists & the local economy. It would also help to increase local jobs & housing in one of the worst regions in the country [Tending DC] from an economic point of view. In the grand scheme of thinks, the project costs would be low, but income generation could be huge. Go for it - regenerate a community !!