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<p>The UK Government’s announcement is for £500m funding to support railway re-openings
within the territory for which it has funding responsibility (England and Wales).
It has no immediate implications for DfT’s spending limits, and therefore none for
funding of railways in the Devolved Administrations.</p><p> </p><p>The final profile
and exact funding arrangements for the reversing Beeching Fund have not yet been agreed.
Final decisions on funding will be made at the Spending Review in the usual way.</p><p>
</p><p>Her Majesty’s Government is clear about the benefit of pan UK connections.
For example, elsewhere in the United Kingdom the Government is supporting the examination
of the potential reopening of the Edinburgh- Carlisle ‘Waverley line’ as part of the
Borders Growth Deal.</p><p> </p>
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