Latest Rail News

01.10.19

ORR quotes £26m in charges per year to continue using HS1

The Office of Rail and Road (ORR) has today announced if train operators want to keep using High Speed 1 (HS1) and preserve the condition of the assets, they will pay £26m per year.

HS1 operates 67 miles of high-speed track connecting London with the Channel Tunnel, but if it wants to keep the good condition of the fleet and railways, a proposed £26m will need to be paid per year.

Analysis carried out by ORR, as part of its five-year review, determined that future costs will be higher as the asset gets older and requires more work.

However, the figure is £9m per year less than HS1 initially requested, but ORR have chosen to go for the lower figure of £26m per year to ensure lower rise in chargers to operators for using the route and say the figure is ‘sufficient’.

The Draft Determination proposal will go out to public consultation until November 11 and final determination of the bill for the next year years will be announced in January.

HS1 Ltd, who have an agreement to operate HS1 trains until 31 December 2040, have made a number or proposals and ORR are said to have accepted the majority, with recommendations on how they should manage the assets. These include how to improve supply chain efficiency and improving its approach to research and development.

During the public consultation, stakeholders will be asked on their opinions regarding the recommended considerations.

John Larkinson, ORR chief executive, said: "High Speed 1 is a valuable public asset and our role is to provide independent assurance that High Speed 1’s assets can be kept in good condition over the long term at the lowest possible cost.

“This is important to make sure that operators and, in turn, passengers and freight users get a good deal now but not at the expense of future generations.

Comments

There are no comments. Why not be the first?

Add your comment

 

Rail industry Focus

View all News

Comment

RIA welcomes new report of EU rail supply competitiveness

22/10/2019RIA welcomes new report of EU rail supply competitiveness

The UK Rail Industry Association (RIA) has welcomed a new report on the EU rail supply industry as an “important step forward” in dev... more >
The challenge of completing Crossrail

05/07/2019The challenge of completing Crossrail

With a new plan now in place to deliver Crossrail, Hedley Ayres, National Audit Office manager, major projects and programmes, takes a look at ho... more >

'the sleepers' blog

NPR, TRU & Fleetwood Mac

18/10/2019NPR, TRU & Fleetwood Mac

Switch up your playlist with the first #WeAreRTM podcast, gain exclusive insight into the leaders running the rail industry their opinions on recent headlines, visions for the future and meet the personalities behind the job titles. It's no... more >
read more blog posts from 'the sleeper' >

Interviews

Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

24/06/2019Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

Andrew Haines, the Chief Executive of Network Rail, has told the Today programme on Radio 4's BBC’s flagship news programme that he would not rule out his organisation issuing future r... more >
Malcolm Holmes, executive director of West Midlands Rail Executive, announced as TCR Midlands speaker in Birmingham

24/06/2019Malcolm Holmes, executive director of West Midlands Rail Executive, announced as TCR Midlands speaker in Birmingham

Ahead of his appearance, Malcolm Holmes spoke with Rail Technology Magazine about what key leaders in the industry were doing to improve rail in the Midlands. He said: “It’s very... more >