Network Rail: Finance
(asked on 28th March 2023) - View Source
Question to the Department for Transport:
To ask the Secretary of State for Transport, what the estimated maintenance budget of Network Rail is in (a) 2023 and (b) 2024; and whether that estimated budget has been revised in the last 12 months.
This question was answered on 5th April 2023
Network Rail’s business plans were last updated in February 2023. The forecasted maintenance spend for 2023 and 2024 is shown below:
- April 2022 – March 2023, the forecasted maintenance spend is £2.1bn
- April 2023 – March 2024, the forecasted maintenance spend is £2.2bn
Following the Secretary of State’s High Level Output Specification and Statement of Funds Available for Control Period 7, that was issued in early December, Network Rail will shortly publish a response which will provide more detail on the maintenance plans for 2024-2029.