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Another £500M cut from funding pot for rail enhancements - Vimarsana News

Another £500M cut from funding pot for rail enhancements

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...

Rail hub launched to drive project delivery and investment - Vimarsana News

Rail hub launched to drive project delivery and investment

Rail hub launched to drive project delivery and investment Network Rail has established the Rail Investment Centre of Excellence, a new department which will help to lead the organisation’s effort to become a more efficient and dependable partner within the rail industry. As well as bringing a focus on efficient delivery of major projects and investment, the department will act as a hub for Network Rail’s devolved regional businesses and its wider network functions. Part of wider organisational changes, the Centre of Excellence is expected to give Network Rail a more seamless view of rail...