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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.

Network Rail has signed framework agreements with five major IT suppliers as it begins to simplify its computing relationships.

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.

International rail consultancy Network Rail Consulting and rail industry body RSSB have signed a Memorandum of Understanding to work together to secure overseas business.

Punctuality on the railways reached 93.5% during Period 2, according to monthly performance data released today by Network Rail.

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.

Network Rail refreshed and expanded the data available on its website’s transparency portal today: www.networkrail.co.uk/transparency

School leavers stepping into the world of work are being offered the chance to take up 20 places on a new trainee engineering design scheme, where they will earn as they learn and gain a foundation degree.