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...He has set up the “British infrastructure council” featuring various leading figures from the financial services industry....
...It is also working on a shorter-range hydrogen-powered aircraft expected to enter service in 2035....
...Louise Haigh, shadow transport secretary, insisted the party would enshrine rail nationalisation in its manifesto later this year....
...Transport for London warned on Monday that it was facing a funding shortfall after securing just half of the £500mn grant it had asked for from central government to keep the capital’s transport network...
...EVTOL aircraft take off vertically, like helicopters, but then transition into fixed-wing mode for travelling at higher speeds, offering faster and more efficient transport than ground-based options....
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...The funding model means operators’ annual budgets are set by the government and they have no incentive to increase the revenue or attract riders on to the railway, although they are paid bonuses based on...
...London-listed Esken on Monday said it had received a proposal from Carlyle and hedge fund Cyrus Capital to provide up to £32mn of new funding to the struggling Essex airport, resolving an ongoing row over...
...He served as Egypt’s transport minister between 2005 and 2009 under the then president Hosni Mubarak. Mansour moved to the UK in 2009....
...State funding for bus services is low compared to rail, despite a Department for Transport analysis of major bus schemes showing they “delivered benefits worth more than four times their cost”....
...The poor cost management indicates a “failure of governance and oversight” at both HS2 Ltd, the arms length body running the project, and the Department for Transport, and follows years of warnings by the...
...Heavy rain led to widespread flooding, including in the Thames tunnel used by high-speed Eurostar services for the first time since they opened in 2007....
...It admits it cannot afford to take on this service without getting hold of that UK government funding, worth about £48mn....
...Airbus plans to have a zero-emissions hydrogen-powered plane ready for service by 2035 and is exploring four different concepts based on either hydrogen combustion or hydrogen fuel cell technology....
...services....
...Norman Baker, a former transport minister who now works with the pressure group Campaign for Better Transport, criticised demands for further cost savings....
...The UK economy returned to growth in January as the services sector fuelled a 0.2 per cent rise in GDP....
...With no set date for the completion of work on Euston, Thompson said he expected HS2 services would start from a new transport hub at Old Oak Common in west London to Birmingham between 2030 and 2033....
...The group has said it has enough funding to carry it through to 2026, when the bigger Delta vehicle is expected to enter service....
...Douglas Lumsden MSP, shadow net zero, energy and transport secretary, described the position as “absurd to the point of being laughable”....
...and service improvements to the world’s oldest metro....
...Nearly 40 years after local bus services across most of Britain were privatised, momentum is building to reverse the move in many areas....
...The valuation is below the $20bn private valuation it received at a funding round two years ago....
...He added that the government’s current bus service improvement plan — which includes revenue funding to improve bus networks — is supposed to have a second phase from 2025, although none has so far been...
...He has put what he called an “extremely generous” £3.3bn funding package on the table, including £600mn for public sector pay, contingent on Stormont being restored....
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