Network Rail’s five-year plan to improve Britain’s railway between 2019 and 2024 (Control Period 6) envisages a record expenditure of up to £47 billion (EUR 52.7 billion), which represents a 25% increase compared to CP5. In addition, there is a further £10 billion (EUR 11 billion) railway enhancement fund that the Government has made available for railway projects that maybe delivered by Network Rail or others.
The CP6 includes detailed route by route plans covering Network Rail’s planned expenditure on operations, maintenance and renewals.
Within the strategic business plan (SBP) the resignalling programme will begin to be phased out as this plan ushers in the start of the railway’s digital age with digital train control that will enable even more services to run, more safely and at lower cost.
“This plan builds on these improvements and sets out how we will make the railway more reliable and cost efficient and how we accelerate the technological transformation of our railway into the digital age. We will continue our strategy to work more closely with train and freight operators, working together in partnership to continue to expand the network for the millions more who will want and need it in the years ahead,” Mark Carne, chief executive at Network Rail said.
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