Network rail business plan

Network Rail reveals significant investment, more services and fewer delays in its five-year plan Tuesday 13 Feb Network Rail reveals significant investment, more services and fewer delays in its five-year plan Route: The plan will drive economic growth, jobs and housing by delivering a better railway for the millions of people who rely on it. Mark Carne, chief executive, Network Rail, said:

Network rail business plan

This article is over 6 months old Network Rail staff work on tracks near Paddington in London. But there are no fresh promises of major projects after massive budgetary overruns in the last five-year plan left many schemes abandoned or delayed. The bulk of the budget will be spent on maintenance, operations and renewals to make the most of the existing railway.

The next five years would be fundamentally different from last time when, Carne said: Carne acknowledged that reason for that move by the ORR, saying: Transport committee to launch inquiry into InterCity East Coast Read more While flagship projects such as the recent redevelopment of London Bridge are absent from the plans, Network Rail expects to carry out improvements to the TransPennine route between Leeds and Manchester, adding capacity and cutting journey times.

Journey planning - external site

Rail passengers in the north have been concerned since the promise of full electrification of the route subsided, when other projects were axed by Chris Grayling, the transport secretary, after the overspend on Great Western.

Carne said a menu of options for upgrading the line had been submitted to the Department for Transportwith about 20 separate schemes potentially contributing to improving the line.

The final signoff is due in October.Strategic Business Plan – Summary Network Rail 3 Foreword This is a strategic business plan for a better railway for a better Britain.

It is. Network Rail has set its sights on an extra 10% of cost efficiencies across its maintenance and renewal operations in its latest five-year business plan. The Control Period 6 spending plan. Mr Carne joined Network Rail in January During his time as chief executive, he has steered the company through the period of being reclassified into the public sector, and skilfully handled the significant rebasing of the delivery plan that was required following the change in .

Network Rail today published its ambitious five-year plan to improve Britain’s railway over the five years to (Control Period 6, CP6). The plan will drive economic growth, jobs and housing by delivering a better railway for the millions of people who rely on it.

Mr Carne joined Network Rail in January During his time as chief executive, he has steered the company through the period of being reclassified into the public sector, and skilfully handled the significant rebasing of the delivery plan that was required following the change in .

The Office of Rail and Road (ORR) monitors Network Rail's performance on a continuous basis against targets established by the regulatory authority in the most recent access charges review (), against obligations in the company's network licence and against forecasts in its own business plan.

network rail business plan

If performance is poor, the company will face.

Mark Carne to retire from Network Rail