Railways: Compensation

(asked on 24th April 2019) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, when his Department plans to publish the Schedule 8 payments made for financial year 2019-19; and if he will publish that data by financial quarter.


Answered by
Andrew Jones Portrait
Andrew Jones
This question was answered on 29th April 2019

Schedule 8 payments made by Network Rail to train operating companies are currently reported by Network Rail in their Regulatory Financial Statements. These financial statements are produced in line with regulatory accounting guidelines determined by the Office of Rail Road (ORR), the regulator of Network Rail. This information is available annually but is not published on a quarterly basis.

The latest statements (for the financial year 2017-18) were published in July 2018 and are available below.

https://cdn.networkrail.co.uk/wp-content/uploads/2017/07/NRIL-Regulatory-Financial-Statement-for-the-year-ended-31st-March-2018.pdf

The total value of schedule 8 payments made in Great Britain in 2017-18 was £219 million and can be found in statement 1 (page 1) of the above statements. Figures for individual routes within Network Rail can be found elsewhere within this report.

Equivalent figures for 2018-19 are expected to be published later this year.

Following the beginning of Network Rail control period 6 in 2019-20, the ORR regulatory accounting guidelines are currently under review.

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