Electrifying Midland Main Line Will Boost Local Economy
|Published: 18th July 2012 14:07|
Electrifying the Midland Main Line will boost Leicestershire's economy, the county council's acting leader said.
East Midlands Parkway station interiorNick Rushton spoke out after the Government announced a £500 million investment to electrify the Sheffield-London St Pancras route through Harborough, Leicester, Loughborough and East Midlands Parkway - stations which serve the core of the county.
Nick Rushton said: "I'm delighted that the Government has decided to electrify the Midland Main Line, following our long-running campaign.
"It will mean cleaner, faster, more reliable trains, linking Market Harborough, Leicester, Loughborough and East Midlands Parkway to the capital.
"It will boost the county economy - not just through jobs involved in the rail upgrade, but also through improved business links and rising house values, due to the swifter connection to London."
LLEP chairman, Andrew Bacon, said: "Electrifying the Midland Main Line is vital for the Leicester and Leicestershire economy. We have plans in place to create significant numbers of jobs and attract investment into the area over the next 10 years. This investment in our rail infrastructure will help our companies become more competitive and make the area more attractive for inward investment."