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Most, if not all of the money that Merseytravel have invested in to the Railways has been spent. On the Northern network money has been spent bringing in some additional 156s, which I believe were previously in Yorkshire but have been replaced by 158s. These are primarily used on trains between Liverpool and Wigan and between Liverpool, Earlestown and Manchester. On the Merseyrail network this has included refurbishing 507 and 508s, replacing parts of the track and cleaning the Merseyrail platform at Lime Street station of chewing gum.
I understand that is more than GMPTE has invested (I think they've only invested enough to allow some of the 142s which were being kept in storage to be used more reguarly.)
Having said that it's worth noting that Transpennine Express run a local service from Oxenholme (Lake District) to Windermere. The total journey duration is 19 minutes and guess what trains are running that service? 3 car 185s!
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