BasildonBob
Member
I've just watched a livestreamed presentation from the IET which covers some historic background, current thinking and priorities around the creation of Great British Railways, presented by Rufus Boyd, Programme Director Passenger and Freight Services, GBR Transition Team.
Some of the points covered:
www.youtube.com
Rufus' presentation begins at 17:00 mins
Some of the points covered:
- Uneven revenue recovery post-COVID. The overall figure is now at 90%, but that masks some big differences between leisure (108% of pre-COVID revenue), commuting (83%) and business travel (only 35%).
- Total 2022/23 revenue impact vs pre-COVID is -£2.116bn
- Costs continue to run ahead of income, which is exacerbated by inflation
- Fares, ticketing and retail is acknowledged as being too complicated and fragmented, acting as a significant barrier to attracting new customers, and is a top priority for GBR
- Private sector risk-taking, innovation and resilience is recognised and valued.
- Targets and objectives will be aligned between infrastructure and operations, with a single P&L
- GBR have suggested three types of Passenger Service Contract Operators - those with an element of growth incentive, those with straightforward service contracts (TfL style) and those who are contracted to run services during periods of disruption (the example given was Thameslink upgrade). There would also be a continuing role for Open Access operators. However, these suggestions have not yet been accepted by the DfT.
Creating Great British Railways
Ambitious changes are coming to Britain’s railways, to help solve today's challenges and make rail simpler and better for years to come. In this session, you...
Rufus' presentation begins at 17:00 mins
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