IEP continued, financial close before end of year.
11,000 seats on GWML and ECML from IEP.
Newton Aycliffe will be the Hitachi factory 500 direct jobs + others in supply chain.
Didnt mention anything on stock specifically but sounds like it will still be a mix of all electric, all diesel and bi-mode.
Electrification to Bristol and Cardiff (sounds like heavy WAG pressure)
Jounrey time L-C 1hr 52m. GWML electrification to Swansea rejected, not frequent enough to be commercially viable and no time bonuses from better accleration due to speed limits. Valley commuter lines do have a business case at first glance, will work up a feasability study for 2014-2019 electrification, Electric trains to operate would be ordered/leased by WAG.