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Network Rail details spending plans

Network Rail will more than double its spending on rail expansion schemes for the five-year period from 2009-2014.

This will bring total spend to £9.6 billion and includes £2.6 billion for the Thameslink upgrade, £134 million for Birmingham New Street station development, £153 million for King’s Cross remodelling and £455 million for Reading station area redevelopment.

A special £234 million fund has been set up for small improvement schemes, with an additional £156 million for national stations improvements.

Network Rail has also promised £11.4 billion worth of investment on renewing track, signals, structures and stations and a £10.4 billion spend on maintenance and daily operating costs.

Chief executive Ian Coucher said: “ Growth and expansion is where we will focus our efforts in the years ahead and today's plan highlights a raft of small, medium and large expansion schemes that will provide passengers and freight users with a bigger, better railway that delivers more trains, more seats, more often.”