Department for Transport Launch of Project SPEED challenges rail industry to cut time and costs of rail upgrades In a keynote speech at Project SPEED conference, Rail Minister invites rail industry to pioneer faster, smarter and more efficient infrastructure projects. 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