The East West Rail Consortium welcomed the 10 miles of track and upgrades on almost nine miles of railway.
This will enable long-stalled projects to be built at last, such as a new east-west rail link (CrossRail) and an extension of the Docklands light railway to London's City Airport.
The group said it looked forward to an agreement being reached on the West Coast rail franchise.
All bidders for the West Coast rail franchise were offering too little protection for taxpayers against potential losses, the BBC has learned.
Rail services in the county were disrupted on Friday with South West Trains and Southern Rail both running amended timetables.
The decision to award the West Coast Main Line rail franchise to FirstGroup was scrapped because of "technical flaws" in the bidding process.
Although it lost out on the West Coast Main Line rail franchise, First said it was benefitting from strong passenger growth in its rail services.
The government scrapped its decision to award the multi-billion-pound West Coast Main Line rail franchise to FirstGroup after "significant technical flaws" were discovered in the bidding process.
Rail franchising was put on hold last year after a decision to award the UK's multi-billion-pound West Coast Main Line rail franchise to FirstGroup was scrapped by the government.
Road and rail links west to Dakar, in Senegal, are ropy, so Mali's lorry drivers face a grinding round trip of 2, 000km (1, 200 miles) or more through Benin or Togo to get any goods on to the world market.
Meanwhile, rail fares in West Yorkshire are rising by 6.2% - more than the national average.
"I think there's an aspiration to reopen that line, " said John Baker of Network Rail Wales and West.
But ongoing engineering work on the Paddington rail line to west Wales will force many travellers on to the roads.
Tim Shoveller, managing director for Network Rail and South West Trains Alliance, has warned there will be "trade-offs" in order to deliver the plans.
BBC: Network Rail's Wessex route to get ?1bn investment work
It's a 61-acre abandoned rail yard just west of the cluster of kitschy casinos and low-rent office buildings that natives call "downtown, " usually with a regretful sigh.
Virgin will continue to run rail services along the West Coast mainline until November 2014.
Kirsty Anderson, a spokeswoman for Network Rail in the South West, said they had implemented a 50mph speed limit.
The Long Island Rail Road evacuated its West Side Yards and suffered flooding in one East River tunnel.
FORBES: Overnight Sandy Roundup: East Coast Reeling As Hurricane Leaves 6 Million Without Power
Rail services in the West of England will stagnate following the collapse of the West Coast mainline franchise deal, regeneration experts fear.
Ten London Midland rail services in the West Midlands region were listed as being cancelled, delayed or revised on Wednesday evening due to an earlier broken down train.
The building is to be the first of five planned in Riverside Center, which is the southernmost and final piece of the larger Riverside South apartment development that runs above a former set of Penn Central rail yards by the West Side Highway between 59th and 72nd streets.
The MTA took extensive measures before the storm to limit the amount of water flooding into tunnels, including by boarding up ventilation grates in low-lying stations, piling sandbags at station entrances, inflating a rubber dam in the Long Island Rail Road's West Side yards in Manhattan and hastily erecting a floodwall across the mouth of the No. 3 train tunnel near East 148th Street in Harlem.
Rail services in the north west continue to be disrupted by the derailment of a train in Salford.
BBC: Salford rail delays after train derailed and caught fire
Rail passengers from the South West trying to get to London were on Sunday warned not to travel.
The rail network in the South West of England suffered major disruption.
The main rail line in the South West of England has reopened between Exeter St Davids and Tiverton after being closed for a week due to flooding.
Reports said that West Bengal was worst affected with air and rail services disrupted.
Rail links to and from South West England were also badly affected after flooding at Cowley Bridge.
BBC: Exeter flood defence improvement works to start in 2014
Under an ambitious scheme, it could be developed to take goods by road and rail between Gwadar and south-west China.
ECONOMIST: More extremist attacks��and establishment fantasies
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