The bulk of its 2019-24 bill will be spent on upkeep and day-to-day operations to try to urge opening on the existent railway.
By 2021, it aims to boost the series of services by 350,000 per year or scarcely 1,000 a day.
It is formulation a 25% boost in appropriation “to revoke delays and urge infrastructure reliability”.
The strategy includes £10bn for “enhancements” or rail upgrades, many of which will be projects deferred from the 2014-19 plan.
That strategy was described as the biggest investment in railways given the Victorian epoch – but many initiatives were suspended or delayed.
Key works in the new five-year devise are likely to embody the TransPennine line from Leeds to Manchester, now available Government sign-off.
Network Rail pronounced the devise would drive mercantile growth, jobs and housing “by delivering a better railway for the millions of people who rest on it”.
It is theme to examination by the Office of Rail and Road forward of a final integrity in the autumn.
Network Rail arch executive Mark Carne pronounced it was “an ambitious, but picturesque devise that is not but challenge”.
Passenger numbers have doubled in the last 20 years and are set to arise by around by 40% by 2040.
Mr Carne said: “Britain’s railways have seen a reconstruction over the past decade or so and we have been operative flat-out over the last 5 years to build new stations and new infrastructure to capacitate thousands of some-more services to come on stream to soak up that demand.
“For the next 5 years we need to relentlessly concentration on making the railway some-more arguable while also ushering in new digital record that with help to renovate the railway in the years ahead.”
Publicly-owned Network Rail owns and operates the railway infrastructure in England, Wales and Scotland.