Network Rail has met its target of £4 billion in savings for the control period from April 2019 to March 2024, reveals a new report by Office or Rail and Road (ORR).
The savings came despite the Covid-19 pandemic, extreme weather conditions, industrial action and inflationary pressures, the regulator states.
“This has been achieved through several initiatives including making better use of in-house skills, improving the efficiency of engineering works and changes in the...
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