A review of Network Rail’s performance in the first six periods of the year (April to September) was published – its first health-check.
The first company review of its performance during CP5 found that Britain’s railways remain the safest passenger network in Europe but workforce safety remains an area of concern. The review also reported the company was on course to reduce risk at level crossings at the end of the financial year by 10%.
Passenger train performance is behind plan and the industry is currently around 1% behind its year end target of 91.1%. There are clear improvement strategies in place but these will take time to have an impact on Britain’s Network, which is seeing continued growth in passenger numbers.
The review is currently reporting a £40m (EUR 50m) overspend on the company’s overall £7bn (EUR 8.7bn) annual budget. Forecasts see this rise to around £112m (EUR 140m) by March. Extra investment in train performance and safety initiatives accounts for a substantial portion.
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