Network Rail regulation and performance

Network Rail CP5 costs soar with poor renewals performance

Network Rail CP5 costs soar with poor renewals performance

09.08.16: Higher renewals costs and enhancements underperformance have been key factors to Network Rail’s work costing £1.7bn more than expected so far in CP5, according to the ORR, and will leave the company in a worse financial position at t...

NR fined £70,000 for not complying with electrical cabinet safety order

NR fined £70,000 for not complying with electrical cabinet safety order

08.08.16: Network Rail has been fined £70,000 for failing to comply with an ORR improvement notice to make electrical cabinets on the railway safe. Back in November 2013, following an investigation into two incidents where rail workers suffered...

Any rail finance changes must show ‘clear evidence’ of improvements for users – DfT

Any rail finance changes must show ‘clear evidence’ of improvements for users – DfT

05.08.16: The DfT has said that changes to the system of charges and financial incentives on the rail network should only be introduced if they can deliver proven benefits. In his response to the Office of Rail and Road (ORR) initial consultation ahe...

ORR unveils route-based regulation proposals for NR devolution

ORR unveils route-based regulation proposals for NR devolution

09.06.16: The first route-based regulation proposals have been published by the Office of Rail and Road (ORR), including separate financial arrangements and outputs for each route. Under the proposed framework, which will be included in the ORR&rsquo...

Network Rail creates ‘virtual route’ to implement Shaw recommendations

Network Rail creates ‘virtual route’ to implement Shaw recommendations

31.05.16: A new ‘virtual route’ for freight and national passenger operators will be introduced as Network Rail’s ninth operational route. The route is designed to help Network Rail implement the Shaw report’s recommendations...

ORR opens consultation into route-based regulation

ORR opens consultation into route-based regulation

19.05.16: Railway regulation could change in CP6 so that Network Rail regulates each individual route, as part of proposals in a new Office of Rail and Road (ORR) consultation. Under the proposals, which featured in the ORR’s 2016-17 business p...

Revised EDP still has risks, but approved to get industry ‘back to business as usual’

Revised EDP still has risks, but approved to get industry ‘back to business as usual’

21.04.16: Changes to Network Rail’s regulated outputs in its revised England and Wales Enhancements Delivery Plan (EDP) could have “been clearer” but were approved to get the industry “back to business as usual”, an Office of...

Bill could force TOCs to spend NR delay payments on improvements

Bill could force TOCs to spend NR delay payments on improvements

14.04.16: Legislation requiring train operating companies (TOCs) to spend compensation payments from Network Rail for delays on improvement projects is currently going through the House of Commons. Joan Ryan, Labour MP for Enfield North, who led the...

Network Rail looking to build local supply bases as routes devolved

Network Rail looking to build local supply bases as routes devolved

14.04.16: As Network Rail moves towards devolving local accountabilities to its routes it will attempt to make it much easier for local businesses and SMEs to deal with it going forward, Nick Elliott, MD of the organisation’s National Supply Chain...

Network Rail’s value could increase by £100bn due to change in government accounting

Network Rail’s value could increase by £100bn due to change in government accounting

11.04.16: Network Rail’s value could increase by an estimated £100bn this summer due to a change in government standards. The Government Financial Reporting Manual is set to be updated so that Network Rail is no longer valued according to...

McLoughlin endorses Network Rail asset sales

McLoughlin endorses Network Rail asset sales

11.03.16: Selling assets is an option that Network Rail ‘should consider’, transport secretary Patrick McLoughlin told MPs yesterday. Network Rail has hired banking firm Citigroup to look at options for plugging its £2.5bn funding b...

Network Rail scopes out sell-off of electrical power assets

Network Rail scopes out sell-off of electrical power assets

04.03.16: Network Rail has triggered the potential sell-off of its electrical power assets in a consultation to test the industry’s interest in buying thousands of its overhead lines, substations and pylons. The organisation, which owns around...

Citigroup to report back on NR station options by end of 2016 – Perry

Citigroup to report back on NR station options by end of 2016 – Perry

01.03.16: Banking firm Citigroup is to report back to Network Rail by the end of the year on a range of “new models for management and ownership” of its 18 managed stations, according to rail minister Claire Perry MP. As RTM reported last...

Open access TOCs see steep falls in performance during period 11

Open access TOCs see steep falls in performance during period 11

15.02.16: The non-franchised sector saw a sharp decline in performance last month, with Grand Central and First Hull Trains PPM figures dropping by eight and 12 percentage points respectively compared to last year – despite both topping the recent N...

Specialist Network Rail funds for innovation, stations, freight and more lose £460m in CP5

Specialist Network Rail funds for innovation, stations, freight and more lose £460m in CP5

22.01.16: Ring-fenced funding pots for specialist station upgrades, innovation and research schemes, Digital Railway projects, disability access and freight are losing nearly half a billion pounds in CP5, with this money being pushed into CP6 instead. ...

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Network Rail Thameslink programme harnesses innovation with its latest aerial project

22/10/2018Network Rail Thameslink programme harnesses innovation with its latest aerial project

The Thameslink programme at Network Rail’s latest project pledges to drive innovation and make commuters’ li... more >
FCA probe: TfL could be fined for not telling LSE about Crossrail delay

19/10/2018FCA probe: TfL could be fined for not telling LSE about Crossrail delay

The UK’s financial watchdog is considering whether to launch a formal investigation into TfL over its reported fai... more >
Urgent government talks after Dutch company plugs £80m funding hole in Greater Anglia

19/10/2018Urgent government talks after Dutch company plugs £80m funding hole in Greater Anglia

Greater Anglia has received an £80m rescue package led by the Netherlands, leading to reports of urgent talks betw... more >

editor's comment

23/01/2018Out with the old...

Despite a few disappointing policy announcements, especially for the electrification aficionados amongst us, 2017 was, like Darren Caplan writes on page 20, a year generally marked by positive news for the rail industry. We polished off the iconic Ordsall Chord (p32), hit some solid milestones on Thameslink (p40), progressed on ambitious rolling stock orders (p16), and finally started moving forward on HS2 (p14) ‒ paving the way for a New Ye... read more >

last word

Encouraging youngsters to be safe on the railway

Encouraging youngsters to be safe on the railway

This summer, Arriva Group's CrossCountry and the Scout Association joined to launch a new partnership to promote rail safety among young people. Chris Leech MBE, business community manager at the TOC, gives RTM an update on the innovative scheme. Recognising that young people are more likely to take a risk trespassing on railway tracks, C... more > more last word articles >

'the sleepers' daily blog

The East Coast franchise report tells us what we already knew: it was a bid set up to fail

18/09/2018The East Coast franchise report tells us what we already knew: it was a bid set up to fail

RTM's Jack Donnelly assesses what the Transport Committee's latest report on the VTEC franchise means for the industry as a whole “Even now, there is no concrete plan, nor timescales, for the interim operator of this franchise. From our inquiry, we cannot be sure, and cannot reassure passengers or public, that the arrangements ... more >
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Northern Powerhouse Rail: The need for change

18/09/2018Northern Powerhouse Rail: The need for change

Northern Powerhouse Rail (NPR) will be transformational for the north – it will change the way people live, work, and play. It will rebalan... more >
Innovation through people and technology

18/09/2018Innovation through people and technology

Ian Prosser, HM chief inspector of railways and director of railway safety at the ORR, picks out the key industry challenges to focus on based on... more >
Why we all must mind the gap

18/09/2018Why we all must mind the gap

Clair Mowbray, chief executive of the National College for High Speed Rail (NCHSR), explains how we can all ensure the UK’s next generation... more >
3D printing: from virtual to real

11/09/20183D printing: from virtual to real

Like so many other technological advancements, 3D printing has moved from being the stuff of science fiction, through niche industrial applicatio... more >

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interviews

Going global: an interview with Network Rail’s Leevan Finney

29/08/2018Going global: an interview with Network Rail’s Leevan Finney

RTM’s Jack Donnelly sat down with one of the leading minds behind Network Rail’s most advanced and innovative rail maintenance techno... more >