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WATTS ANNOUNCES MAJOR BOOST FOR RAIL FREIGHT

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In a move designed to boost rail freight and protect the environment, John Watts, transport minister, announced an ...
In a move designed to boost rail freight and protect the environment, John Watts, transport minister, announced an increase in grants available for long-distance freight traffic.

Speaking at the 'Investing in Rail Freight' conference in London, Mr Watts revealed the current 'credit' of 5 pence per mile would increase to 20 pence for trains which replace lorries on motorways. The higher rate will apply immediately.

Welcoming the increase, Mr Watts said: 'Freight grants have already been successful in switching freight from road to rail. In 1994 grants helped move 10 million tonnes - 12 per cent by volume of all railfreight in Britain.

The increase I have announced today will reinforce that success by making more schemes for long-distance railfreight eligible for grant.'
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