Encouraging start to Network Rail’s £3.5bn savings plans, says ORR

Picture of Michael Holden

Share:

Encouraging start to Network Rail’s £3.5bn savings plans, says ORR

Share:

Picture of Michael Holden

Share:

158845 at Huddersfield
158845 at Huddersfield // Credit: Harry Gribbins

The Office of Rail and Road has announced that it has seen encouraging progress in its first assessment of how efficiently is delivering its five-year plans.

ORR found that Network Rail has responded well to the initial concerns made by the ORR and as a result has provided more robust evidence and appears on track to deliver £391m of efficiency savings.

However, the challenge increases in 2020-21, as more work to renew the railway is planned and the efficiency challenge almost doubles.

The ORR is also reviewing how efficiently Network Rail is engaging with the supply chain.

What did the officials say?

John Larkinson, Chief Executive, ORR said:

“We have seen encouraging progress from Network Rail in response to our earlier concerns and evidence so far suggests there is a welcome turnaround from the previous control period. However, the next four years have much more challenging efficiency targets and it is imperative that Network Rail stays focussed, particularly on ensuring work to renew the railway is planned well in advance to maximise efficiency and provide a stable work plan for the supply chain. ORR will be continuing to keep a close eye on progress to ensure Network Rail delivers.”

Where Next?

News Homepage
   For the Latest Railway News
RailAdvent Online Shop
   Framed Prints, DVD’s / Blu-Ray’s and more
LocoStop Community
   Come and share your railway pictures
ORR
   Visit their website
Mainline Steam Info
   Upcoming mainline steam tours/loco movements

Responses

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles