The Office of Rail and Road has undertaken validation of revenue modelling as it prepares to adjudicate on a record number of applications for open access services. Its recently updated open access guidance explains that the ORR will use monetised analysis of an application’s costs and benefits where the outcomes of other tests are finely balanced.
Currently the UK has four open access passenger operations, all using the East Coast Main Line: Hull Trains, Lumo and two Grand Central...
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