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Railtrack's £2.5 billion on schemes and stations

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Railtrack is to spend £2.5 billion on developing a new generation of stations and enabling cross-London rail journeys as part of its £27 billion total investment programme. Last week it launched its 10-year '1999 Network Management Statement for Great Britain', in which it details how it will deal with a 30 per cent growth in passenger numbers.

Schemes include £122 million on Paddington Station improvements, £101 million on mezzanine retail at King's Cross by 2007, £35 million of enhancements to Leeds Station, a new £11 million Parkway Station in East Midlands by 2002, redevelopment of Peterborough Station, a £9 million proposed new interchange station linking Merseyrail with long-distance services, a further £11 million worth of retail and airline check-in at Victoria Station and a £5 million development of Stockport Station.

To open up through-routes across London, Railtrack is looking at partnerships with others. It is investigating a new southern link to Heathrow airport; the development of the East London Line via the City and on to Canada Water, New Cross and Wimbledon; a new direct Heathrow link for the City; completion of Phase 2 of the Channel Tunnel Rail Link; and the development of 'major integrated transport hubs in and around London with advanced customer facilities including air-line check-in and baggage handling. Stations cited for this treatment include London Waterloo, Victoria, Clapham Junction, Watford Junction and Woking.

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