Ministers' aspirations for the railways are affordable, the Office of Rail Regulation has said, as long as Network Rail makes greater efficiency savings and cuts projects that are not a high priority for Government.
In a letter to Mike Mitchell, the DfT's director general, rail and national networks, ORR?chief executive Bill Emery says there is a "high likelihood" that the Department's high level output specification (HLOS) for the railways for the period 2009/10-2013/14 can be...
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