NEWS
CP5 funding settlement agreed
Network Rail has now agreed to the ORR’s funding settlement for CP5.
The company will be given £38bn for the period between April 2014-19 to maintain, renew and improve the network. The settlement, published at the end of October by the ORR, offered a compromise of £1.7bn of cuts in the costs of running the railway.
Network Rail agreed it would “need to do some things very differently” to meet the regulator’s targets and deliver the necessary savings.
The settlement will see new trains introduced to the network, new stations built, improved facilities,
platforms lengthened, and a number of “transformational” projects completed.
Network Rail has agreed to run nine out of ten trains on time for regional, London and South East and Scottish routes. The ORR will also introduce stronger targets for asset management and Network Rail will be monitored for progress on
making the network more
resilient to bad weather and climate change.
Network Rail was about to publish its delivery plan for CP5 as RTM went to press.
ORR chief executive Richard Price said: “This new phase will see Network Rail enhance safety, increase capacity, and improve the performance and resilience of the rail network. Service standards will get better, as stations up and down the country are modernised lines are Alongside
and this
electrified. work,
the company will also deliver more, pound- for-pound, than ever before, as it utilises
new technology and better ways of working.
“We welcome Network Rail’s recognition that it will need to do things differently to fully deliver. This is a fresh start for the company and an opportunity – supported by significant levels of funding by governments and passengers, and working with the rest of the industry – to learn lessons and build on successes from the past. Meeting these challenges will be tough, particularly in the early
years for punctuality in
England and Wales because of recent performance levels.”
Network Rail said it was “disappointed” to be starting CP5 at a lower performance level than expected, partly because
Another Network Rail director leaves the company
Finance and com- mercial director of Network Rail Infra- structure Projects (IP), David McLoughlin, is leaving the company
to become chief executive at Spencer Rail Group in Hull from July.
Spencer Group chief executive Charlie Spencer said: “David McLoughlin has a vital role to play in setting the strategic direction of the business and the delivery of our key outputs. We need a strong talent base from the rail industry
and beyond to help us meet that challenge and David will play a pivotal role in this.”
McLoughlin’s role will be filled by Martin Arter, IP’s programme and technical services director, on an interim basis.
The move follows the departure of two other high profile Network Rail figures – Sir David Higgins and Simon Kirby, who have been appointed as chairman and chief executive of HS2 respectively. Kirby has refused to rule out recruiting
more of his former 4 | rail technology magazine Feb/Mar 14
colleagues to work at HS2. McLoughlin and Kirby have had major roles in overhauling Network Rail’s infrastructure procurement strategy and its relationship with key suppliers, as covered in detail in recent editions of RTM.
Network Rail has appointed IP’s southern regional
director, Nick
Elliott, to become managing director of the new National Supply Chain. Elliott will be replaced by Scotland and North-East regional director Roger Dickinson. A replacement for Dickinson has not yet been announced.
of the weather but also because of its own missed targets.
Michael Roberts, director general of the Rail Delivery Group (RDG), said: “Meeting the challenging targets on performance and efficiency will call for all parts of the industry to work more effectively together. The RDG is committed to play its part in making this happen.”
UKRITT fundraising tops
£90,000
The UK Rail Industry Training Trust (UKRITT) has now raised more than £90,000.
The inaugural UK Rail Industry Awards on 20 February at The Brewery
in fundraising London were a extravaganza for
the new charity, with 20% of all revenue raised going to UKRITT, plus a £5,000 personal donation from Trustee Roy Rowlands and £580 raised at the charity casino, bringing the total so far to £90,376.35.
The Awards were also used to announce IRO chief executive Fiona Tordoff as a UKRITT Trustee.
See page 16 for more on how to get involved. More on UKRITT and the Awards on pages 20-61 and pages 72-77.
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