THE SCOTTISH Executive has already allocated an extra £360 million of funding for railways after taking control of the network last week.
Contractors and developers hope the funding will secure projects such as the Waverley Railway Line, the Aberdeen Crossrail and the proposed intercity rail link between Glasgow and Edinburgh.
Transpor t m in ister Tavish Scott said he looked forward to providing 'a modern, reliable rail service for Scotland'.
The new owners of the Scottish network will now embark on a three-month consultation period over potential improvements to rail links.
The shift of power from UK to Scottish government will give ministers authority over the rail franchise, rail network, and the development of tracks, stations and depots.
A spokesman for the Waverley Railway Line Project said:'We are confident the Waverley line will be outlined in the consultation to receive funding ? it is the only link, other than the congested roads, between Edinburgh and the Midlothian borders.
'It is vital we have more rail links in Scotland.'