Network Rail: Cost Effectiveness

(asked on 1st December 2021) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government what assessment they have made of the financial (1) efficiencies, and (2) inefficiencies, of Network Rail.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 15th December 2021

The rail regulator, the Office of Rail and Road (the ORR), ensures that Network Rail’s plans include challenging but deliverable efficiency targets. This is a central part of securing Network Rail’s funding through the Periodic Review process for each Control Period.

The ORR continuously monitors Network Rail’s delivery of efficiencies against its efficiency plans throughout each Control Period and publishes an annual assessment of Network Rail’s efficiency and financial performance, the most recent of which was published in July 2021 and can be found on the ORR’s website.

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