Financial Times FT.com

Maglev attracts public funding

By Robert Wright

Published: February 27 2008 02:00 | Last updated: February 27 2008 02:00

A consortium aiming to build high-speed magnetic levitation rail - or maglev - routes across the UK will today announce that it has for the first time secured public sector funding to help develop its plans.

Alan James of UK Ultraspeed will tell a conference in Milan that the consortium has received funding from the Merseyside Partnership, a regional development organisation, to develop its plans for a high-speed link between Liverpool and Manchester.

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