The Southport Visiter newspaper has the story – see link above
I have commented on this developing project many times before but it really does seem to have legs and probably stands a reasonable chance of getting off the ground despite the huge cost. I hope it does come off.
In many ways though whilst it illustrates how large railway projects can be taken forward it is sadly the case that smaller projects to improve the rail network are actually much harder to pursue. The Burscough Curves come to mind!