Should train operators take control of the tracks?
The dust is still settling from last week’s government call for greater integration between Network Rail and the train operators. Details remain scant but more will be known when a green paper ‘Rail Vision’ is published next spring. Continue reading Should train operators take control of the tracks?
Waterloo tops station usage league again
Waterloo again took premier place in ORR’s annual station usage survey with nearly 100 million recorded entries and exits for 2015/16. Victoria and Liverpool Street ranked second and third, but Birmingham New Street was the only non London station to make the top ten at seventh position. Continue reading Waterloo tops station usage league again
Wider still and wider – England’s rail share gets even greater
England’s lion share of UK government rail capital expenditure continues to grow but Scotland’s portion has fallen over the last decade. Continue reading Wider still and wider – England’s rail share gets even greater
Great Western electrification shambles – will bimodal trains save or sink the scheme?
Last week’s announcement that electrification to Bristol has been deferred by the DfT followed a devastating NAO indictment cataloguing poor management practices with the ongoing Great Western Electrification Programme (GWEP). Continue reading Great Western electrification shambles – will bimodal trains save or sink the scheme?
State spending on rail continues to fall as TOC premiums rise
Government support for the rail industry continues to decline, albeit slowly. Latest figures from the ORR show that total state expenditure in 2015/16 fell to £4,771bn (2014/15: £4.846bn). It has now fallen for three consecutive years. Continue reading State spending on rail continues to fall as TOC premiums rise
Southern trains: Chris Gibb to sort out mess
Veteran rail executive, Chris Gibb, is to head a trouble-shooting team tasked with sorting out the endemic performance problems currently afflicting Southern trains. Continue reading Southern trains: Chris Gibb to sort out mess
ORR warning: Network Rail will enter CP6 in worse financial state
Network Rail expenditure was £287m over budget and the organisation underperformed by £679m during 2015/16 (the second CP5 year), reports ORR. Its annual efficiency and finance assessment also found NR to be 8.0% less efficient than in 2013/14, the last year of the last control period, CP4 (2009-2014). Continue reading ORR warning: Network Rail will enter CP6 in worse financial state
Life after CP5: Planning Scotland’s rail future
Network Rail has drawn up a list of enhancement options for CP6 and CP7 deemed necessary to meet an expected large increase in future traffic demand. Continue reading Life after CP5: Planning Scotland’s rail future
Network Rail debt will reach £52bn by 2019
Network Rail’s debt increased 10.2% to £41.6bn last year (2014/15: £37.8bn) and will reach £52bn by 2019, according to the infrastructure provider’s annual report for the year ended 31 March 2016. Of £7.5bn borrowed from the DfT in 2015/16, £3.1bn was to refinance existing debt leaving £4.4bn for investment. Continue reading Network Rail debt will reach £52bn by 2019
Network Rail underspend puts enhancements at risk
Network Rail underspent by more than £700m in 2015-16, and some major enhancement schemes may not be completed in time or within budget, according to ORR’s latest annual monitor. Continue reading Network Rail underspend puts enhancements at risk