Thursday 8 Nov 2012
Network Rail responds to ORR efficiency assessment
- Region & Route:
- National
Network Rail today responded to the Office of Rail Regulation's assessment of the company's efficiency savings made in the first three year of the current control period (CP4, 2009-2014)
Paul Plummer, group strategy director, said: “We welcome today’s news from our regulator that we are meeting our targets for significantly reducing the cost of running Britain’s railway. Millions of pounds have been saved helping to reduce the railway’s cost for taxpayers and farepayers alike. This progress is being delivered while also maintaining high levels of safety, performance and investment and we’re determined to keep this momentum. That task is getting ever harder as growth and resulting congestion become more challenging to manage. The railway’s popularity is a good thing that is to be welcomed but we, and our train operating company colleagues, cannot afford any complacency as there are yet more challenging targets ahead.”
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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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