Nexus to invest in modernisation work in 2017

Nexus, operator of the Tyne and Wear Metro in the UK, is to invest US$44 million (£35 million) in Metro modernisation work in 2017, involving major projects to renew and replace Metro’s ageing infrastructure, including track and overhead lines. It forms part of the Metro all-change modernisation programme, the scheme to secure Metro’s long term future over eleven years. The modernisation programme is now into its sixth year. Nexus will be investing US$138 million (£110 million) through to 2021 on mode
February 1, 2017 Read time: 1 min
2105 Nexus, operator of the Tyne and Wear Metro in the UK, is to invest US$44 million (£35 million) in Metro modernisation work in 2017, involving major projects to renew and replace Metro’s ageing infrastructure, including track and overhead lines.

It forms part of the Metro all-change modernisation programme, the scheme to secure Metro’s long term future over eleven years. The modernisation programme is now into its sixth year.

Nexus will be investing US$138 million (£110 million) through to 2021 on modernisation projects, bringing total investment across the decade to over US$440 million (£350 million).

Nexus is in discussion with the Government over funding for its plans to invest in a new train fleet and for further funding to continue with the programme of essential renewals throughout the next decade.

Related Content

  • February 5, 2015
    London’s cycle superhighways get the go ahead
    London’s streets will become more accessible for cyclists now that the Transport for London (TfL) Board has approved plans for the construction of four new cycle superhighways and upgrades to the four existing cycle superhighway routes as part of the Mayor’s Cycling Vision. The schemes, which will cost around US$243 million to deliver between now and the end of 2016, will help treble the number of cycle journeys made over the next ten years and transform London’s streets and spaces to places where cyclis
    Read More
  • June 6, 2014
    UK infrastructure bill
    The UK government’s proposed Infrastructure Bill would improve how the national infrastructure is funded, planned, managed and maintained and provide a US$4.4 billion boost to the economy over the next ten years. Proposals include: improving the funding and management of our major roads; streamlining the planning process for major projects; protecting our infrastructure from invasive plants and animals; supporting house building; making it easier and cheaper to register land and property; helping communi
    Read More
  • September 6, 2017
    Rating agency Standard and Poor Tolling sees a bright future for tolling
    Few disruptions appear on the horizon for global toll road operators, with the US poised to become a better bet for major investment, according to ratings agency Standard and Poor’s (S&P’s) Global Ratings’ 2017 report, which rates toll road operators according to their ability to raise capital. The outlook is generally stable for business conditions and credit quality for toll roads worldwide. One positive exception is the US where the overall outlook is ‘positive’ as S&P expects traffic growth to increase
    Read More
  • May 3, 2021
    San Francisco to build 'equitable' public transit
    ConnectSF collaboration seeks projects to ensure sustainable transportation in city
    Read More

Highlighted Content