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Railhub Archive
2003-10-17 ORR-001
Office of the Rail Regulator0
Rail Regulator identifies massive savings for Network Rail spending
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   Rail Regulator identifies massive savings for Network Rail spending
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related documents
 type Press release
note ORR/17/03
The Rail Regulator, Tom Winsor, has today published his draft final conclusions from the work that he is doing in his review of Network Rails funding requirements.
The Regulator's main conclusion is that the access charges that franchised passenger train operators pay to Network Rail will need to increase, but by substantially less than the company had originally requested. They will provide Network Rail with the following revenue:
Total income from access
charges paid by franchised
passenger operators
(£ million) [[col.2]]
Total revenues including
income from other sources
(£ million) [[col.3]]
2004/05 3,121 5,100
2005/06 3,692 5,060
2006/07 3,618 4,894
2007/08 4,127 4,841
2008/09 4,050 4,775
Totals 18,608 24,670
Mr Winsor said: Shortly before Railtrack came out of administration last year, the company claimed that it would be necessary to increase the amount of money it spends on the countrys rail infrastructure by more than double the then current level. The work that Network Rail and I have done in this review has shown that these figures contained huge inefficiencies and that spending at that level would be an enormous waste of public money.
My draft conclusions mean that Network Rail will receive through access charges more funding than at present, in return for which it must increase the amount and quality of maintenance and
renewal work that it undertakes, delivering genuine improvements in the overall condition of the network. That, in turn, will mean a more punctual and reliable railway.
In total, Network Rail will be allowed to spend £22.7 billion on the operation, maintenance and renewal of the network over a five-year period. A comparison between the Regulator's draft
conclusions and the projections in Network Rails recent business plan forecasts is illustrated below:
[[for continuation see related documents]]
2003-10-17 ORR-001.pdf
2003-10-17 ORR INTERIM REVIEW OF TRACK ACCESS CHARGES -- draft conclusions.pdf
Railhub Archive ::: 2003-10-17 ORR-001
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