CreatingFuture the Conditions Economyfor Growth Future Economy Rail developing a public transport system Devon Cornwall Key The railway in Cornwall is crucial to our economic growth and providing access to employment and education opportunities Transport strategy schemes and connectingfor businesses to economic markets in Plymouth, Exeter, Bristol and London. This is part of a wider system of Growth Conditions Growth Conditions for completed / committed Local Growth Deal Ask interventions that will link with buses at key interchanges to improve the capacity of the public transport system. • Cornwall has proactively invested over £36m in its local rail network since 2000 – funding new services, stations improvements, new lines and higher service standards. Growth for Business Project value: £10.18m Year: 2015/16 •Funders: Growth Fund £4.53m/Network Rail £3m/LTP £2.65m Scheme includes: • Parkway Station with 752 park and ride spaces. • Improved A30 junction. • Access for All step-free crossing. • Refurbished and improved passenger facilities. • Bus interchange. 6.5m Journeys per year (2012/2013) Schemes in progress Hayle station St Austell lift bridge 2013/14 Real time passenger information upgrade 2012/13 2011/12 2010/11 St Austell Transport Interchange £1.9m 2009/10 Truro - Falmouth rail improvement £7.8m Night Riviera Sleeper Service h owt r eg £53m 2017/18 £36.5m 2008/09 2007/08 0 Probus - Burngullow track dualling £14.5m Liskeard station enhancements £840k 2005/06 2004/05 2003/04 2002/03 2001/02 2000/01 th ow Camborne station £320k 2006/07 2019/20 Redruth J34 £360k 2020/21 Start 2.7m Journeys per year (2000/2001) 2018/19 Traincare Centre, Penzance Project value: £14m Year: 2016/17 • Funders - Growth Fund £7m / EUSIF £7m Scheme includes: • Sleeper heavy maintenance relocated from Old Oak Common to Penzance. • Maintenance, re-fuelling and interior cleaning of rolling stock. • New employment and training opportunities and job safeguarding in Cornwall. • Provide facility to maintain additional rolling stock required for half hourly mainline service. Mainline Signalling Improvements between Plymouth and Penzance Bodmin Parkway enhancement £540k Penzance station £540k Outcome 13.69m* Journeys per year (2020/2021) * Based on 9% growth per annum to 2018. 17% growth per annum to 2020 The Offer Upgraded station facilities and interchange at WCTI to increase the accessibility of rail. Removes problem of existing Traincare Centre for HS2 and displacement costs. Traincare Centre scheme allows £9.5m DfT funding to be invested in the Night Riviera upgrade. £8.9m of LTB prioritised major scheme funding matched with £6.2m EU SIF for mainline signalling improvements. Improved journey time reliability and operational savings of up to £1m per year. Project value: £14m Year: 2015/16 • Funders – GW franchise £2.5m / LEP £1.5m / FGW £0.5m / HS2 £9.5m Scheme includes: • Increased capacity. • Upgraded, refreshed sleeper berths and seating. • Compliance with the needs of passengers with reduced mobility. • Better facilities, sleeper berths, seating and lounge area. • Space for cycle and surf board racks. 2016/17 Patrona g e gr Atlantic Coastline service enhancement Patro na g 137% BCR=1.5 GVA=£2.9m 2015/16 2014/15 £7m from Local Growth Fund is used to match with £7m EU Strategic Infrastructure Fund for Traincare Centre. Network Rail’s resignalling scheme is brought forward to CP5 to secure efficiencies. Cascaded rolling stock is used to deliver the half hour frequency mainline service in the new Great Western franchise. Growth for Business How the Growth Deal builds on our investment Current patronage The Ask West Cornwall Transport Interchange • Cornwall Council is Network Rail’s largest local authority client in England. • Patronage has grown by 8% per annum since 2000, twice the UK average. • 6.5m passenger journeys by train in Cornwall each year. Project value: £15.1m Year: 2018 BCR=2 • Funders – Cornwall and Isles of Scilly LTB £8.9m / EUSIF £6.2m Scheme includes: • Local investment in rail infrastructure to allow half hourly mainline service. • Signalling improvement to coincide with Network Rail equipment upgrade. • Shared development costs offering delivery and efficiency savings. Rolling Stock Cascade Year: 2017/18 Scheme includes: • Cascade of suitable diesel multiple units to realise half hourly frequency mainline service in Cornwall. • Re-introduction of scheduled passenger services between Bodmin Parkway and Bodmin General. Growth Deal outcomes Supports local plan housing growth of 47,500 homes Supports delivery of 2,715 jobs. Wider benefits Generates 17% annual passenger growth. Generates £73m of increased revenue generation for the Great Western franchise. Creates up to 60 new jobs in Cornwall and training opportunities. Facilitates delivery of HS2 and the redevelopment of Old Oak Common. Helps HS2 benefits reach as far as Penzance. Delivers a half hourly mainline service for Cornwall. Provides enhanced access to economic markets in London. Flexibility for businesses and leisure travellers. Value for Money † Government saves £4.5m on depot relocation cost. Facilitates economic growth and enhanced GVA for Cornwall. Delivers rail services at a lower cost. Deliverability All required consents in place † Transport Annex report 1 Traffic Modelling and Economic Appraisal Methodology March 2014 35606 03/14 Our experience so far Isles of Scilly 3
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