Tag Archives: CP5

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

Government may privatise major stations

The government is considering selling some or all of Network Rail’s 18 managed stations. Following business press reports that US bank Citigroup – which specialises in divestments – had been brought in to advise the DfT, Clair Perry, a Parliamentary Under Secretary of State for Transport issued the following statement (in response to a written parliamentary question) on 26 February: Continue reading Government may privatise major stations

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