Invest in rail to boost economy says ASLEF

25 August 2010

ASLEF today welcomed new data which confirmed what the union has long argued; investment in rail infrastructure can generate significant economic growth.

The independent research commissioned by the CBI on behalf of the construction industry shows that every £1 invested in rail generates £2.20 of economic benefits, more than any other sector of the economy with, for instance, banking and finance producing £1.70 per £1 spent and defence creating £1.30 worth of enhancements for each £1 expended.

ASLEF General Secretary Keith Norman said ‘I welcome these figures which demonstrate the economic benefits of greater investment in rail infrastructure. Our railways have the power to unlock greater social and economic mobility and investment in them is key to countering the impact of the economic downturn.’

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