6. The strategy is built around four priorities. The first of these is the creation of the Electric Spine, a high capacity passenger and freight electric corridor running from the South Coast through Oxford, Bedford and via the Midland Main Line to the East Midlands and South Yorkshire, with a link from Oxford to the West Midlands and the North-West. The Electric Spine investment is expected to deliver cost savings to the railway in the medium term, because electric rolling stock has lower purchase, maintenance and fuel costs. It also leads to choices for further efficient route electrification in Control Period 6 (CP6).
7. The creation of
an electrified route linking the core centres of population and economic activity in the Midlands and North with the major container port of Southampton is a crucial step in creating the right conditions for significant private sector investment in electric freight locomotives, which offer more efficient, capable and sustainable freight haulage. The rolling programme of electrification is expected to help make rail freight commercially more attractive across England, supporting our growing international trade and the transfer of container traffic from road.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/3641/railways-act-2005.pdf