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.

For more information on companies in this article

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