The £10m study is being funded as part of the Borderlands Inclusive Growth Deal with Scottish Borders Council (SBC) as the lead authority.
The project is creating the evidence base needed for the business case to help complete the missing link of the f…
Speed limits of 20mph[1] are found everywhere in London, making it the world’s slowest city centre for drivers.
According to location technology company, journeys of 6.2 miles in the capital took an average of 37 minutes and 20 seconds last year. This …
A MAJOR Scots Airport has been quietly sold as part of a huge £9.8billion deal.
Edinburgh[1] Airport and major Scottish ports were acquired in the multi-billion-pound deal.
1
The airport will continue to be managed by its current owners following the saleCredit: Andrew Barr
Fund manager BlackRock purchased the owners of the major Scottish travel[2] hub, Global Infrastructure Partners (GIP).
GIP manages $100bn of assets and holds a stake in Peel Ports, which owns ports in Glasgow[3], Greenock, Hunterston, and Ardrossan.
It also owns London Gatwick Airport and London[4] City Airport.
The deal is expected to be finalised near the end of the year.
HSBC and JP Morgan were hired by GIP to orchestrate a sale of the Scottish capital’s aviation hub.
The company has owned the airport since 2012, when it bought it from BAA.
GIP explored the airport in 2016 but was deterred by investment connected to Brexit[6] that year.
Larry Fink, 71, BlackRock chairman, said. “Infrastructure is one of the most exciting long-term investment opportunities as a number of structural shifts reshape the global economy[7].
It comes after Edinburgh West MP Christine Jardine raised concerns about the negative impact of the sale on the freeports scheme.
The Liberal-Democrat MP asked Levelling Up Secretary Michael Gove[8] how the UK government will ensure this does not negatively impact the Forth Green Freeport.
Jardine was concerned the sale may reduce confidence in the Freeport following Ineos’s announcement to close its Grangemouth oil refinery.
Citigroup is to cut 20,000 jobs after the Wall Street bank suffered its worst quarterly loss since the financial crisis. The company will cut about 10pc of its workforce over the next two years as part of drastic measures to strip out costs. Citi,…
Local communities in the West Midlands[1] are being asked to choose their preferred design for a new railway viaduct.
People will be asked to vote on the colour, finish and pattern designs for the acoustic parapets to be used on Balsall Common Viaduct[…
A woman has been jailed for killing a couple in a crash after apparently falling asleep at the wheel.
Front seat Volkswagen Golf passenger Christine Goodings, 61, died at the scene and her husband Steve, the driver, died in hospital 24 days later — t…
An estimated 1,658 car journeys could be taken off the road every day if a proposed railway station at Winchburgh comes to fruition, a new report has found.
As part of a fresh campaign for a station at the West Lothian town, the report found that the …
Several trains have been cancelled or delayed after a person was hit by a train between York and Northallerton.
It was confirmed by LNER[1] today (Jan 10) that many trains using the line between York[2] and Northallerton[3] have been cancelled or dela…
Trains from London King’s Cross to Edinburgh to take 4 hours and 5 minutesSouthbound will take 4 hours and 8 minutes, stopping in Newcastle and York By Mark Duell[1] Published: 11:53, 9 January 2024 | Updated: 16:29, 9 January 2024
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FirstGroup has applied to the Office of Rail and Road (ORR) to operate a new open-access rail service between London and Sheffield, expanding the company’s award-winning Hull Trains business.
The proposed service is expected to consist of two daily ret…
FirstGroup plc, the leading private sector transport operator, is today submitting the first phase of an application for a new open access rail service between London and Sheffield to the Office of Rail and Road (ORR).
FirstGroup plans to expand its op…
FirstGroup has applied to run trains on a route between Sheffield and London (Image credit: Pixabay)
FirstGroup has revealed plans for a new rail service between Sheffield and London, including direct trains from Nottinghamshire.
The operator has subm…
The UK government has announced new Freeport measures (Image credit: Pixabay)
A series of measures have been announced by the government to boost trade and investment in the UK’s Freeports.
Following their introduction in 2021, the government said Fre…
2 January: Minimum Charge Rises 20% To £6 For 10 Minutes
Gatwick Airport is increasing its minimum drop-off charge by 20% from 5 January, when it will increase from £5 to £6.
The minimum charge covers the first 10 minutes and must be paid by midnight t…