Transport Secretary Chris Grayling officially launched the East West Railway Company, which will deliver the new East-West rail route. The Transport Secretary launched the new company, which will oversee the restoration of the link between Oxford - Cambridge - Milton Keynes.
Chris Grayling, Transport Secretary:
"We are making the biggest investment in the railways since Victorian times to meet the growing demand for rail travel, while also boosting business and increasing productivity. East West Rail is the perfect example of how we can revitalise the railways, grow the network and unlock jobs and housing growth."
East West Rail will be one of the country's most strategically important rail projects, with its direct link through the corridor dubbed the UK's own 'Silicon Valley' when it is completed in the mid-2020s.
The new line will also create a direct link between East Anglia and central and southern England, delivering benefits for passengers and businesses regionally and nationally by unlocking additional housing and economic growth.