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The RIA highlights the importance of the network’s expansion in driving economic growth and providing clean connectivity around the UK. Concerns are also
The Southern Integrated Delivery (SID) will be a fully integrated team based on ‘Project 13’ principles – an ICE-led initiative that aims to improve
Network Rail has unveiled plans to put almost £10bn worth of potential work to market on Bonfire Night. The government-owned infrastructure operator said
The budget for rail enhancements has been reduced by another £500M, as the government again delays the publication of the updated Enhancements Pipeline. The Network Rail May 2021 Update shows the budget for rail enhancements is now £8.9bn, a £1.5bn reduction from the original £10.4bn settlement for Control Period 6, which is confirmed in the regulator the Office of Road & Rail's (ORR’s) final determination. An updated Enhancements Pipeline was expected to be published before the parliamentary summer recess, which began at the end of last week. However, the pipeline will now not be publi...
Network Rail has already spent 70% of its allocated risk funding for Control Period 6 (CP6), which runs from 2019 to 2024. The Office or Rail and Road (ORR) revealed that Network Rail has spent £1.9bn of its £2.7bn CP6 risk funding allocation during the last two years, leaving it with just £0.8bn to cover the next three years. The increased use of its risk funding is largely due to the impact of Covid-19. The regulator raised particular concerns about the remaining contingency funds in Scotland, with just £57M available to fund £106M of identified risks. The ORR’s report adds that Netw...