Borders line: First for funding scheme

REOPENING part of the old Waverley line to the Borders, which closed 41 years ago, will involve the winning contractors financing, building and maintaining the route separately from the rest of the rail network.

ScotRail trains would run to and from the rest of the network, which the line will join at Newcraighall in the south-east of Edinburgh.

The project will involve the Scottish Government's "non-profit distributing model", a version of the private finance initiative with capped profits that has not been used before on the railways.