ECONOMIC EFFECTS OF RAIL TRANSPORT

That this House recognises that Britain relies on rail transport; notes that every year 1.3 billion passenger journeys are made by rail and that rail freight carries 100 million tonnes of goods; further recognises that at peak times the busiest parts of the rail network are full, trains are overcrowded and that passenger and freight demand continue to grow; notes that the annual cost of road congestion to the economy is already estimated to be £7-8 billion; believes that investment in infrastructure is necessary to stimulate business investment in Britain's towns and cities and boost economic recovery; further recognises that current major rail capacity enhancement projects bring economic benefits to Britain; and calls on the Government to consider the economic benefits of rail schemes when determining value for money projects in the Comprehensive Spending Review.