But will they really be able to afford resignalling Moreton-in-Marsh?
Won't really be an awful lot left to resignal once they've finished next year - six semaphores, one crossover and the refuge siding (the retention of which baffles me, as I can't remember ever seeing anything use it in the past 10 or 11 years). Both Moreton's remotely-operated level crossings are being renewed with modern kit, which could be plugged in anywhere, there's a large new electrical cabinet behind Moreton signal box to plug it into the rest of the route and as far as I can see, every inch of cabling on the redoubled sections is being renewed, so a great deal of the preparatory work is being done now anyway. The new kit at Ascott and Evesham is certainly easily plugged into modern systems when required.
As for
ERTMS▸ , electrification, new trains, etc, watch out for the Transport Secretary's announcement on Thursday, much of which will involve
CP5▸ spending, ie post 2014, if some degree of modernisation is going ahead.
To reach Honeybourne airfield you'd need to sort out the old level crossing just beyond the curent sidings and remove the building that's helpfully been built on the old through lines. Not saying it couldn't - or indeed shouldn't - be done. Then opens up the line back to Stratford, which I would guess could become important again.
Sounds like you're getting confused with Long Marston airfield, which is north of the old MoD sidings there and where there is indeed a business park on the station site. The entire area was infested with military installations in the 1940s and Honeybourne airfield was south of Honeybourne, beside the railway line towards Broadway and Cheltenham and the Weston-sub-Edge to Honeybourne road, hence my reference to the new Cotswold Line overbridge, which crosses the section of line you would need to reinstate to reach the airfield area. See
http://www.geograph.org.uk/photo/423035 there's a map link at the bottom.
Same problem at Cheltenham where there's a car repairer on the trackbed of the old GWR▸ line just before the former junction with the current track, down the bottom of the station car park.
The building was put up as a depot for Royal Mail, before they axed most mail trains, so I should imagine that the freehold is still rail-owned and there is indeed a break clause allowing it to be removed if required. And almost all the rest of the route to Stratford is protected as a transport corridor in the relevant local plans, including a strip of land set aside for any reinstated rail line to go around the Long Marston station business park.
I assume the gap in rail dropping in west Oxfordshire may be something to do with what looks like a regular tamper visit next week, as the last trains each way are cancelled Monday to Thursday.
And they're not hanging around at Charlbury, there was a small drilling rig set up at the north end of the car park this morning, where the supports for the footbridge ramps will go. I'm assuming they were testing the ground underneath to prepare the way for the foundations.