Network Rail: Repairs and Maintenance

(asked on 16th May 2023) - View Source

Question to the Department for Transport:

To ask His Majesty's Government whether they have guidance in place preventing Network Rail from using the proceeds resulting from developing those parts of its estate with little or no heritage impact to fund high-cost improvements at sensitive heritage locations.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 31st May 2023

Any money that Network Rail makes from its property estate is reinvested into the overall running costs of the network and isn't ring fenced. Network Rail’s funding settlement targets them with generating improved returns from the estate which means they need less funding from Government to run the railway. As well as the commercial return the development proposals also focus on supporting a better experience for passengers and customers and are designed for each individual location and its specific needs.

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