Network Rail: Finance

(asked on 16th July 2015) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what changes he intends to make to the funding arrangements for Network Rail; and if he will make a statement.


Answered by
 Portrait
Claire Perry
This question was answered on 22nd July 2015

We intend to either remove or significantly reduce the Network Grant by re-routing Government support via franchised train operating companies, which will pay correspondingly higher track access charges to Network Rail for using the network. This change will not affect the overall level of support Government will be providing to rail.

This new approach will ensure that Network Rail focuses firmly on the needs of train operators, and through them, customers.

Working with the Office of Rail and Road, we intend this change to take effect from the start of Control Period 6 (April 2019). We will be consulting with industry on the details.

Reticulating Splines