Latest Rail News

31.10.18

ORR approves Network Rail’s £35bn CP6 spending plans

The ORR has today set outs its final determination on Network Rail’s £35bn plans for CP6, the five-year period from 1 April next year.

The rail regulator has approved £7.7bn of spending for the maintenance of existing railways, and £16.6bn for renewing railways – a 17% increase from CP5. It is hoped that this will help cut delays caused by infrastructure failures.

It also confirmed Network Rail’s plans for a major boost in funding to its timetabling and planning functions with the system operator’s forecast spend nearly doubling to £260m in CP6 from £145m in CP5.

Back in summer, the DfT called for intensified monitoring of Network Rail going in to CP6 to avoid the “stasis” of CP5.

The control period will also see Network Rail operate more locally as each geographic route is set to have its own budget, delivery plan, and scorecard, with the ORR enabling local routes to buy the goods or services they need locally more easily. This will allow for better value for money and allow local routes more responsibility as they are best placed to deliver services for the people they serve.

The ORR also announced a £245m research and development fund to help develop new technology that will improve the rail industry’s performance and efficiency, and confirmed plans to simplify industry charges and incentives, which includes scrapping outdated mechanisms and capping charges for freight and charter operators.

John Larkinson, chief executive of the ORR, said: "Today’s decisions means that Network Rail, its routes and its system operator can now press forward with their plans to deliver a service which passengers and freight customers rightly demand and deserve.

"These plans are focused on improving performance for passengers and freight operators by getting the basics right – ensuring that the railway is properly maintained and renewed, and on improving the daily operation of the railway.

"There is no time to lose; Network Rail and, in particular, the routes and system operator must make sure they are ready to deliver from day one of the new control period. That is why we have and will continue to report on – and where necessary challenge – Network Rail’s readiness."

Top image: Jonathan Brady via PA Wire PA Images

 

Enjoying RTM? Subscribe here to receive our weekly news updates or click here to receive a copy of the magazine!

Comments

There are no comments. Why not be the first?

Add your comment

 

related

rail technology magazine tv

more videos >

latest rail news

Wales and Borders rail to receive £2bn government funding

19/11/2018Wales and Borders rail to receive £2bn government funding

Network Rail Wales and Borders has announced £2bn in government funding to be spent on a project to maintain and renew the Wales and Border... more >
HS2 kicks off the bid race to build Curzon Street station

19/11/2018HS2 kicks off the bid race to build Curzon Street station

HS2 has announced the start of its search for contractors to build its new £435m Curzon Street station. Around four contractors will b... more >
A transport network ‘on its knees’ is slowly catching up in the north, says Grayling

16/11/2018A transport network ‘on its knees’ is slowly catching up in the north, says Grayling

Chris Grayling has said that rail in the north is playing catch-up from “decades of economic neglect” and that whilst improvements in... 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 >

rail industry focus

View all News

interviews

Finding positives in negative short-circuiting devices

09/11/2018Finding positives in negative short-circuiting devices

Sponsored interview  Anything that brings about safety and time-saving benefits is a valued improvement for the rail industry, which is w... more >
Taking to the skies

30/10/2018Taking to the skies

Network Rail’s commitment to driving innovation is best encapsulated by its latest scheme involving high-definition imagery drones, or UAVs... more >
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 >

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. ... more > more last word articles >

'the sleepers' daily blog

Elizabeth Line: short-term pain for long-term gain?

13/11/2018Elizabeth Line: short-term pain for long-term gain?

Tim Bellenger, director of policy and investigation at London TravelWatch, discusses the deferred opening of the central section of the Elizabeth... more >
read more blog posts from 'the sleeper' >

comment

Challenging the perceptions of rail

13/11/2018Challenging the perceptions of rail

Darren Caplan, chief executive of the Rail Industry Association (RIA) explains how the RIA Rail Fellowship Programme is challenging people’... more >
Data-driven rail

13/11/2018Data-driven rail

Andy Cross, director of Elastacloud, and Lucy Bealing, from the Elastacloud Rail Centre of Excellence, discuss their innovative collaboration wit... more >
Looking ahead to the Williams Review

13/11/2018Looking ahead to the Williams Review

Darren Shirley, chief executive of the Campaign for Better Transport, takes a look at the government’s root and branch review of the rail s... more >
Digital Railway: All change on the ECML

06/11/2018Digital Railway: All change on the ECML

Network Rail route programme director, Toufic Machnouk, explains why only a radically new approach to contracting will deliver a better service f... more >