Monthly Archives: January 2016

Network Rail charges to be reviewed

Following concerns that there is a mismatch between what Network Rail raises in charges and how it apportions costs between different parts of the network, the ORR has issued a consultation document for PR 18 (the 2018 periodic review). Responses have to be in by 4th March. The findings will help ORR to formulate Network Rail plans in the next control period (CP6, 2019-24), and indeed beyond. Continue reading Network Rail charges to be reviewed

Rail franchising has improved but could do better

The National Audit Office (NAO) says the DfT has improved the management of rail passenger franchises following the collapse of the InterCity West Coast (ICWC) franchise in 2012, but much work remains to be done. The NAO is concerned about the uncertainty, delays and cost increases caused by major infrastructure projects, and worried that there might not be enough competition for future passenger franchises. Continue reading Rail franchising has improved but could do better

Franchise losses depresses FirstGroup results

FirstGroup results for the six months ended 30 September 2015 were in line with management expectations, says chief executive, Tim O’ Toole. Results were depressed compared to H1 2014, partly due to the termination of the First Capital Connect (FCC) and First ScotRail (FSR) passenger franchises (in September 2014 and March 2015 respectively). Continue reading Franchise losses depresses FirstGroup results

Porterbrook orders more Class 387s

Rolling stock leasing company Porterbrook has ordered 20 four car Class 387 ‘Electrostar’ emu (electric multiple unit) sets from train manufacturer Bombardier for an undisclosed sum. They will be built at Derby and are scheduled for 2016-17 delivery. Continue reading Porterbrook orders more Class 387s