The newly formed Liverpool-Manchester Railway Board aims to improve railway links between the two cities, boosting the North West economy overall and delivering world-class connectivity to residents and visitors. This is likely to lead to a more attractive Liverpool and Manchester property market.
It is chaired by the two mayors of the respective cities, with leaders of the local councils serving as vice-chairs. According to Andy Burnham, Mayor of Greater Manchester, and Steve Rotherham, Mayor of Liverpool City Region, they have received confirmation that the £17 billion set aside for the scrapped HS2 is still available for use on this new alternative rail link plan. The board is also seeking private investment.
Leader of Liverpool City Council, Councillor Liam Robinson, said: “For Liverpool and the North West to truly realise our economic potential, we need a new age of the train – with a focus on investment in infrastructure. The benefit of a better connection between Liverpool and Manchester would not only supercharge our economies, the impact would be felt throughout the UK. This region gave birth to the era of customer train journeys. It’s time we upgraded for the 21st century.”
