Review of Network Rail's performance 2004/2005

ORR report (84 pages, PDF) providing data on Network Rail's operating performance, infrastructure condition, activity volumes, expenditure and financing in 2004/2005. The report notes a significant "underspend" in renewal and operating expenditures (excluding the West Coast Main Line project), compared to the projections made at the last access charges review in 2003. ORR considers that Network Rail has made greater efficiency improvements than expected in operating expenditure and in civil engineering, but that most of the underspend (particularly on signalling) is attributable to deferral of work. ORR does not challenge the reporters' view that these deferrals "have no discernable impact on asset condition measures in the short term" and does not state whether there is new information to explain why activities that had been included in 2004/2005 expenditure projections at the time of the periodic review could now be deferred without an adverse impact.

For further information or advice please contact Franck Latrémolière.

Filed under ORR, Public transport.

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