NETWORK RAIL has not raised any objections to the Office of Rail and Road’s conclusions on the funding package and spending plan for Control Period 6 (2019-24). NR has therefore accepted ORR’s plans as set out in its Final Determination on NR’s Strategic Business Plan. NR Chief Executive Andrew Haines has written to ORR Chief Executive John Larkinson confirming the decision of the NR board. ‘Our decision is the culmination of almost three years of work’ Mr Haines wrote. ‘We are grateful for the open and collaborative approach that ORR has taken over this period. We believe this has been key in leading to a set of conclusions that wraps around the way we run our business and ensures that our focus during CP6 is on delivering for passengers, freight users and other stakeholders.’
The company was due to publish detailed spending plans for the five-year funding period at the end of March, prior to the start of the new Control Period on 1 April. The Government has made £48 billion available for the railway during CP6, incorporating a £35 billion spend focused on operations, maintenance and renewals.
