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Railhub Archive
2011-12-14 ORR-001
Office of Rail Regulation0
Proposals to help rail industry work better together
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 Office of Rail Regulation
 
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   Proposals to help rail industry work better together
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type Press release
ORR/26/11
The Office of Rail Regulation (ORR) has today outlined proposals to support the rail industry’s efforts in working better together to bring down costs and improve performance.
The regulator’s ‘rail incentives’ consultation looks at the railways’ framework for the future (2014-2019), outlining new ways of working and proposing new measures which judge the performance of the whole industry against the targets which matter most to customers and taxpayers. The consultation emphasises:
A system-wide view of the railway with shared and improved industry incentives to stimulate major efficiency savings in Network Rail and the wider rail industry.
An outcome-focussed approach, with the industry encouraged to deliver what really matters to customers and society, with value for money as a key factor.
Greater transparency and benchmarking: The publication of more accessible information about rail industry costs to help drive improvements in efficiency, innovation and better performance for passengers.
Incentives which encourage the sector to seek its owns solutions, and not rely on the Government or the regulator.
ORR Chief Executive Richard Price said:
"The proposals we are consulting on today set out potential new rail performance measures which will help ensure the whole industry pulls in the same direction to deliver the best for customers and taxpayers. By working together, businesses in the rail sector can deliver real efficiency savings as well as a service of which we can all be proud and help to underpin economic growth. I am hoping to see wide participation in this important consultation."
Notes to editors:
The Office of Rail Regulation (ORR) is the independent safety and economic regulator for Britain's railways. For more information, see: http://www.rail-reg.gov.uk
To read the incentives consultation document in full, visit: http://rail-reg.gov.uk/pr13/consultations/orr020.php. The consultation phase lasts eight weeks, concluding on 8 February 2012.
This consultation forms a vital part of ORR's Periodic Review (PR13). For more information, see: http://www.rail-reg.gov.uk/pr13
ORR media relations:
020 7282 2094
Railhub Archive ::: 2011-12-14 ORR-001
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