National news
Network Rail responds to ORR draft determination
Responding to the Office of Rail Regulation’s draft determination for control period 5 (2014-19), a Network Rail spokesperson said: “We welcome today's draft determination from the Office of Rail Regulation setting out their proposals for the funding and investment the railway will need for the five years to 2019.
Network Rail full-year results 2012/13
Network Rail invested more than ever before (in cash terms) – some £14m a day (£5bn for the year) – in renewing and expanding Britain’s railway in 2012/13, the company announced today in its full-year financial results.
New framework agreements for Network Rail IT
Network Rail has signed framework agreements with five major IT suppliers as it begins to simplify its computing relationships.
Hunt for new Network Rail non-executive director begins
Network Rail has begun a search for a new non-executive director with specific significant railway experience in light of Graham Eccles’ decision to stand-down at the company’s AGM in July.
Network Rail Consulting and RSSB forge new strategic partnership
International rail consultancy Network Rail Consulting and rail industry body RSSB have signed a Memorandum of Understanding to work together to secure overseas business.
National train performance for period 2 is 93.5%
Punctuality on the railways reached 93.5% during Period 2, according to monthly performance data released today by Network Rail.
Network Rail announces reduced bonuses for its directors
A year that saw some successes as well as some targets missed has resulted in a significantly reduced annual bonus for Network Rail’s five executive directors.
Transparency update
Network Rail refreshed and expanded the data available on its website’s transparency portal today: www.networkrail.co.uk/transparency
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