Network Rail responds to ORR efficiency assessment
Posted: 8 November 2012 | | No comments yet
Network Rail responded to the ORR’s assessment of the company’s efficiency savings made in the first three year…
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.”