The Better Value Rail (BVR) Toolkit, an online space those sponsoring rail projects and their advisors can use to help make the right decisions early on in rail projects, has launched.

The Department for Transport (DfT), Network Rail and the Office of Rail and Road (ORR) officially launched the BVR Toolkit website.

It will help deliver projects more quickly, save money and make sure that rail is the best fit for any given project.

The site has been jointly developed by the DfT, Network Rail and ORR.

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Rail Minister Chris Heaton-Harris said: "This is a brilliant new website that brings together the best thinking and ideas from across the rail industry and allows everyone to access it.

"We have created a toolkit for early-stage thinking that will make the delivery of transport infrastructure projects faster and cheaper as we build back better on our railways."

Network Rail's Chief Executive Andrew Haines said: "The Better Value Rail toolkit has been developed based on listening extensively to stakeholders about how we can provide clear advice and support, be easier to do business with and help ensure focus on schemes that have a good chance of being delivered.

"That's why we believe the toolkit will help us turn good ideas into great schemes, delivering for passengers, local communities and the taxpayer."