Department for Transport (DfT), United Kingdom announces ‘landmark deal’ that could see return of regular cross-Channel rail freight
The Department for Transport (DfT) has announced a “landmark deal” that will pave the way for the return of cross-Channel rail freight.
The Government-backed deal will see Network Rail and its property development company Platform4 take long-term control of the Barking Eurohub site in east London, currently owned by Legal & General, with plans for around £15 million of investment to transform it into an international logistics hub.
DfT said the #investment would help to support the return of regular intermodal freight trains, which carry cargo in containers that can be easily transferred across rail, road, and sea, through the Channel Tunnel.
Rail Minister, Peter, Lord Hendy of Richmond Hill, said: “This deal is a huge opportunity to reinvigorate rail freight by paving the way for the return of regular services through the Channel Tunnel.”
Jeremy Westlake, #NetworkRail’s #ChiefExecutive, said: “Freight is fundamental to the future of our railway, and this landmark agreement highlights the central role it will play as we transition to Great British Railways.
“By securing Barking Eurohub and unlocking more than £15 million of private investment, we’re putting in place the infrastructure needed to restore regular cross Channel intermodal freight services – supporting British businesses and trade, while also helping to protect our environment.”
Michael Barrie, #HeadofRealEstate (UK & Europe), L&G, said: “Legal & General is pleased to let this strategically important site to Network Rail, helping bring the Barking Eurohub site into full use. This deal supports vital investment in UK rail infrastructure, unlocking cleaner, faster freight links with Europe and reinforcing the Government’s wider growth agenda.”
Maggie Simpson OBE, #DirectorGeneral of the Rail Freight Group (RFG), said: “Rail freight has a huge role to play in supporting UK trade, and the Channel Tunnel is a vital strategic asset that is presently under utilised.”
“Rail freight is forecast to grow at least 3 per cent per year until 2033, even as freight train movements have almost halved during the last 20 years. There is huge, untapped potential and we want to be at the heart of that growth.
“We welcome investment at this scale, and we’ll continue working closely with partners to ensure that this development delivers long term benefits for jobs, local businesses, and our residents.
“Future growth, it starts here.”
The DfT stated that rail freight industry was already growing under the Government, with volumes increasing by five per cent in 2024/25 compared to the previous year. It added that, in July to September last year, intermodal traf
