Merseyrails new trains have been designed to make it straightforward to convert them to dual volt. If the Merseyrail network is extended it will be much cheaper to do it with overhead wires than third rail. The loop and link tunnels do not have the height to install overhead wires but I expect the rest of the network will switch to overhead electrification when the current systems become life expired. What is the benefit of extending the third rail network or replacing life expired third rail rather than using dual volt stock?
All new third rail rolling stock is required to be convertible, and this is just for cascade flexibility.
Third rail electrification for Merseyrail expansion would be cheaper than AC overhead.