Transport for London calls for new cash to replace 50-year-old trains Andy Lord tells FT he has asked UK chancellor for long-term funding to stop network from falling into disrepair

The trains on the Bakerloo line are antiques: 53-years old and the oldest running anywhere in the UK. TfL wants new money to replace them, and get going on a long list of other modernisations www.ft.com/content/7397... w/ @pickardje.bsky.social

Rachel Reeves urges Heathrow management to fast track third runway Airport expansion central to chancellor’s plans to boost UK’s weak economic growth

Heathrow's boss tells the FT that the earliest the third runway could be completed would be the mid-2030s. Via @pickardje.bsky.social

www.ft.com/content/a48e...

I don't know how many of my followers are the kinds of people who get sizeable annual bonuses. But, if you are, do please fill in this survey for my FT Money colleague Claer Barrett: www.feedback.ft.com/rsp/5df7fef7...

First US congestion pricing scheme brings dramatic drop in NY traffic Speeds along bridges and tunnels to Manhattan are sharply up and roads are much less clogged

First US congestion pricing scheme brings dramatic drop in NY traffic

www.ft.com/content/c229...

The cost of HS2 could hit £66bn, according to management estimate A paper presented to the project’s board has flagged how the price tag could increase by a further £9bn

The cost of building Britain’s High Speed 2 railway has been estimated at up to £66bn. Via @pickardje.bsky.social

www.ft.com/content/6ac5...

the headline of the article obviously should read 'nationalised' 😑

South Western Railway set to be first train operator privatised by Labour UK government plans to bring all lines under public control under ‘Great British Railways’ brand

The government will take South Western Railway into public ownership in May, in Labour's first nationalisation of the passenger rail network. Plans set to be announced as early as Wednesday. Story w/ @pickardje.bsky.social

www.ft.com/content/9090...

Can nationalisation fix England’s rail network? Move will trigger a wave of state takeovers in the struggling, cash-strapped sector

Britain’s 30-year experiment with rail privatisation will come to an end later today when Labour's flagship “public ownership bill” becomes law

www.ft.com/content/5634...

w/ @pickardje.bsky.social @jenwilliamsft.bsky.social @claradoodle.bsky.social

Dispute over London depot threatens plans to break Eurostar monopoly Richard Branson’s Virgin Group is among challengers seeking to offer new rail service between UK and European mainland

Plans to launch new cross-Channel rail services that would rival Eurostar have been held up by a dispute over access to an east London rail depot www.ft.com/content/1f5e...

Tokyo Metro brought in to run London’s Elizabeth Line Japanese subway operator is part of consortium that will take over from Hong Kong’s MTR

Tokyo Metro has promised to bring Japanese reliability and punctuality to London, after securing a landmark contract to operate the Elizabeth Line www.ft.com/content/8334...