Date Time Launch of Project SPEED challenges rail industry to cut time and costs of rail upgrades Rail Minister officially unveils the rail Project SPEED approach, focused on halving the time and significantly reducing costs of delivering rail infrastructure projects innovative ways of working and simplification of processes to be rolled out across all rail upgrades new approach builds on the Prime Minister’s new taskforce, announced last June, to complete public investment projects more rapidly and at lower cost The government has challenged the rail industry today (26 February 2021) to pioneer new ways of working that will halve the time and reduce the cost of delivering critical infrastructure projects, as the country builds back better out of coronavirus (COVID-19), with the launch of the next stage of rail Project SPEED.