Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden
    • 5 Best-Performing Equity Mutual Funds in August 2026 – Industry News
    • Investing in a popular mutual fund? 5 things to check beyond AUM and past returns
    • MF return vs investor reality: Small-cap funds gain 15%, but investors lose money. Here’s how
    • Small-cap mutual funds shine: These schemes led the six-month rally
    • Bitcoin ETFs erase most of their 2026 losses, with $1B left to go
    • CI Global Asset Management Announces Risk Rating Change for CI Floating Rate Income Fund
    • JioBlackRock AMC launches fund with dynamic equity-debt allocation
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Funds released for Manchester underground transport study
    Funds

    Funds released for Manchester underground transport study

    February 6, 2026


    Those travelling on the Metrolink between Altrincham and Bury could be heading underground in the future, with Greater Manchester Combined Authority agreeing to invest £375,000 to begin feasibility studies on a tunnelled metro.

    The Altrincham and Bury line was one of three areas proposed for an underground line by Transport for Greater Manchester during a meeting with GMCA’s Bee Network committee last week.

    TfGM said it would explore developing an underground rapid transit line that aligned with the existing Altrincham and Bury Metrolink lines as they are the busiest in the system and likely to exceed capacity by 2050 even if longer vehicles are introduced. An underground relief tunnel, TfGM argued, would double the network’s capacity.

    The other two line potentials to be explored in the feasibility studies are one that aligns with the Castlefield Corridor and Salford Crescent to Piccadilly and a brand-new, wholly segregated underground metro that runs from Northern Gateway to Manchester International Airport, connecting areas without existing tram or train lines.

    All three possible underground lines are in the earliest of planning stages, with TfGM bosses saying they would be unable to even provide a map of what they may look like in GM before the committee’s next meeting in February.

    The proposals earned praise from Bury Council’s Cllr Alan Quinn, who admitted to being “pretty excited about this”.

    He added: “I think it’s fantastic that when we reach capacity we do what Greater Manchester does, we think outside the box.”

    The £375,000 in funding for the feasibility studies comes from GM’s City Region Sustainable Transport Settlement from central government.

    In December, Greater Manchester Mayor Andy Burnham had set a target to open a subway network in the city by 2050. In August, feasibility studies for an underground transit system had been an agreed beneficiary from a £6m funding commitment by the GMCA.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Pharma funds rally: How to pick right one based on portfolio, risk, costs | Personal Finance

    September 8, 2026

    The must-have funds fizzing with potential… if you’re willing to take the risk: JEFF PRESTRIDGE

    September 6, 2026

    Why Zerodha Fund House is bullish on life cycle funds

    September 4, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden

    September 9, 2026

    Bitcoin ETFs erase most of their 2026 losses, with $1B left to go

    September 8, 2026

    5 Best-Performing Equity Mutual Funds in August 2026 – Industry News

    September 8, 2026

    Top 10 largest hedge funds by AUM

    February 2, 2026
    Don't Miss
    Mutual Funds

    Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden

    September 9, 2026

    Retirement means no salary, but that doesn’t mean you are off the hook for taxes.…

    5 Best-Performing Equity Mutual Funds in August 2026 – Industry News

    September 8, 2026

    Investing in a popular mutual fund? 5 things to check beyond AUM and past returns

    September 8, 2026

    MF return vs investor reality: Small-cap funds gain 15%, but investors lose money. Here’s how

    September 8, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    New Year cheer for two new Premium Bonds £1 million winners from Suffolk and Berkshire

    January 2, 2026

    Wamco’s Longtime Bond King Thrust Into Spotlight He Shunned

    August 22, 2024

    Comparing Mutual Funds? Focus on This Before You Look at Returns – Money Insights News

    March 31, 2026
    Our Picks

    Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden

    September 9, 2026

    5 Best-Performing Equity Mutual Funds in August 2026 – Industry News

    September 8, 2026

    Investing in a popular mutual fund? 5 things to check beyond AUM and past returns

    September 8, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.