An ambitious growth strategy for rail freight could generate between £75-90B in environmental and economic benefits over the coming decade, says the RFG
The finding are in a study published today (23 September) by Rail Freight Group and undertaken for it by Stephen Joseph Associates (SJA).
It highlights how a new approach from national and local Governments, along with continued investment from the industry could unlock growth significantly in excess of current projections.
The report, which has been based on a review of existing literature, highlights the key areas necessary to unlock growth, which include:
Such measures will unlock greater benefits for the economy and environment arising from reduced congestion, improved road safety and road damage, and improved efficiency for customers. There are also significant carbon savings arising from a greater use of rail.
RFG Director General, Maggie Simpson said: “With renewed focus on the environment, and with new trade opportunities on the horizon there has never been a better time to invest in rail freight.
"This report shows how a strategic and targeted programme from Government could encourage new private investment and unlock very significant benefits for the country.”
The 24-page report by SJA can be read here.