Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Network Rail misses CP4 efficiency targets

03 October 2014
 

Network Rail has failed to meet the required 23.5% efficiency savings in Control Period 4 (April 2009 – March 2014), the Office of Rail Regulation reports.

Network Rail’s 15.5% savings fell 8.0% short of the target, largely due to additional work – mainly enhancements and renewals – that the organisation was required to carry out (and which were not included in the PR08 determination, the periodic review of 2008). There have been increases in all categories of...

+77% more

 

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