The extension of the Metrolink line to Manchester Airport is ahead of schedule – and Manchester accountants will be ready for any impact it might have on our clients’ finances.
According to Transport for Greater Manchester, the new line is now on course to be open and running before the end of 2014.
This is more than a year earlier than was originally planned, and should mean locations along the Metrolink network are able to begin reaping the economic benefits.
First of all, services will run as far as Cornbrook every 12 minutes, but this is due to be extended by 2017 to allow the route to reach the city centre.
In order to enable this, the second cross-city link must be completed, connecting Victoria Station with St Peter’s Square via Cross Street.
The direct economic impact is hard to gauge – commuting into the city centre should be easier for many people along the route, and international visitors may also find it easier to travel by Metrolink than other forms of public transport.
Our Manchester accountants will also be watchful for any impact on house prices along the route, and our specialist property accountants can advise on property tax liabilities that may arise from this.