The future for Network Rail property
Nigel Escott, Director of Network Rail Property has been speaking at our Future Cities Forum, 'The Making of the Modern City' about the challenges and opportunities for collaboration around developing land around the UK's station sites for new homes. He discussed how the company is investing £130 million per week on improving the rail network, which includes 2,500 stations. The network needs to prepare for passenger journeys doubling by 2040 to 3.5 billion per annum.
Network Rail is targeting land release for a further 8,000 homes by 2020 to add to the land for 4,000 homes already released over the last three years. Complete regeneration of city neighborhoods including Bristol Temple Meads and York Central, featured strongly in Nigel's presentation. He emphasised the once-in-a-lifetime opportunities to refashion Clapham Junction and Euston mainline stations as work space, retail and transport hubs. Please watch Nigel above and listen to his presentation below.