"This could be a great win for regional rail passengers and the economy.
"Passengers would enjoy more capacity and services, while business would see more movement in the labour market as people take advantage of the opportunities that exist in each region.
"The funding comes at a time when people are looking at smarter ways of working and connecting people against a backdrop of Covid-19 and climate action.
"Our initial business case championed electric or dual-mode fleets to replace the older diesel trains that are coming to the end of their lives.
"The new trains could help lower carbon emissions, and the extra capacity and regular services could give people confidence to move away from their cars and on to the train." says Keedwell.
Horizons and GWRC will now continue detailed investigations, including market assessments to better understand options, risks and costs, in a fast-changing technological environment before completing the detailed business case and the purchasing process for new trains.