Examines the factors affecting the cost of light rail and recommends ways to make it more cost effective in the future.
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Whether it is labelled light rapid transit, light rail or tram, this mode of transport is popular with passengers. It is also good for economic growth and good for reducing carbon, both key objectives of the coalition government.
During more than a century of development, light rail has proved itself an effective and efficient means of taking large numbers of passengers directly into and around the heart of a city, connecting communities and supporting businesses. The fact that, even against a uniquely difficult financial backdrop, we have announced since May 2010 our financial support for a number of light rail extensions in England demonstrates very clearly our belief in the benefits that light rail can provide.