Thursday 27 Nov 2014
Network Rail publish its half year financial results to September 2014
- Region & Route:
- National
Network Rail today published its half-year financial results for the six months ending 30 September 2014.
These results are the first results of the company’s new five-year funding period (CP5:2014 to 2019) set by the Office of Rail Regulation. The results represent a steady start to an important period in the history of the railway network.
They show record levels of investment – almost £3bn for the period – and train performance that is struggling to climb back to the record levels seen a few years ago as congestion (record numbers of trains and passengers), asset reliability and managing the knock-on delays of incidents, takes its toll.
The full financial results can be found on the Network Rail website: www.networkrail.co.uk
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About Network Rail
We own, operate and develop Britain's railway infrastructure; that's 20,000 miles of track, 30,000 bridges, tunnels and viaducts and the thousands of signals, level crossings and stations. We run 20 of the UK's largest stations while all the others, over 2,500, are run by the country's train operating companies.
Usually, there are almost five million journeys made in the UK and over 600 freight trains run on the network. People depend on Britain's railway for their daily commute, to visit friends and loved ones and to get them home safe every day. Our role is to deliver a safe and reliable railway, so we carefully manage and deliver thousands of projects every year that form part of the multi-billion pound Railway Upgrade Plan, to grow and expand the nation's railway network to respond to the tremendous growth and demand the railway has experienced - a doubling of passenger journeys over the past 20 years.
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