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1999-08-19 RTK-001
Railtrack plc

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Railtrack statement on Regulator's proposed enforcement order on performance


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Railtrack plc

Railtrack statement on Regulator's proposed enforcement order on performance
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date
19 August 1999
source Railtrack plc
type Press release



'Railtrack endorses the absolute importance of train performance. With improvements in Railtrack delays of over 40% in the last three years, against a significant increase in passenger train miles, it was disappointing to miss our target of 7.5% last year.

'However, we have put in place a major programme to deliver a fourth year of performance improvements. Over the last three years we have doubled our investment reaching £1.45 billion last year. We have changed our approach to the management of train performance, by creating Area Delivery Groups with minutes' delay budgets and investment monies, focusing on key assets and route sections. This is making the managing of performance more systematic and pro-active. In addition we are working with our train operating colleagues on actively implementing the ten point plan agreed in February with the Deputy Prime Minister.

'A 12.5% improvement requested by the Regulator against the background of further industry growth, coming on top of three years' improvement of over 40%, is a huge hurdle. We have made a 10% improvement in performance in the first quarter on passenger delays against the same period last year, but much will depend on how well autumn and winter go.

'We will be responding formally to the Rail Regulator in due course.'


Railhub Archive ::: 1999-08-19 RTK-001





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