Railways: Finance

(asked on 24th October 2017) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, with reference to his Department's press release of 12 October 2017, when his Department plans to announce how the new £48 billion funding for Britain's railways will be allocated.


Answered by
Paul Maynard Portrait
Paul Maynard
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 1st November 2017

The independent regulator, the Office of Rail and Road (ORR), will determine the funding that Network Rail requires to deliver efficiently the outputs the Government set out in its High Level Output Specification (HLOS) for Control Period 6 (2019 – 2024) in July 2017 (https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-07-20/HCWS86/). ORR will scrutinise Network Rail’s proposed Strategic Business Plans for Control Period 6 in early 2018 and will consult stakeholders on its draft determination on Network Rail’s outputs and funding for Control Period 6 in June 2018. ORR will publish its final determination in October 2018.

The HLOS was focused on operations, maintenance and renewals outputs. The Government is developing a new process for the funding and delivery of enhancements. We will publish more information on this later in the year.

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