WatcherZero
Established Member
- Joined
- 25 Feb 2010
- Messages
- 10,272
From what I hear Network Rails Control Period 5 request will be presented to Government this Thursday, its going to present three funding package options for him to choose from.
1. Large investment for the future, Network Rail finds savings beyond McNulty targets and Government reinvests the savings back into the network while fares continue to be above inflation.
2. Moderate investment, Network Rail finds savings beyond McNulty targets and Government claws it back but fares remain above inflation.
3. Low investment, Network Rail finds savings beyond McNulty targets, Government claws them back and at the same time reduces fares to equal or below inflation.
The Transport Secretarys response will be next Summer.
Thursday Update
Here we go, Network Rails CP5 submissions for funding.
England and Wales
http://www.networkrailmediacentre.co.uk/imagelibrary/downloadMedia.ashx?MediaDetailsID=5067
Scotland
http://www.networkrailmediacentre.co.uk/imagelibrary/downloadMedia.ashx?MediaDetailsID=5071
Reading through England for highlights....
Economic benefits of CP5 plan
* Cost to taxpayer reduced by 66% in 2019 compared to 2014, to £1bn per annum. Giving Government the choice to keep savings, reinvest or lower fares.
* 170,000 more seats in peak, 30% increase in freight paths
* Reduce risk at railway crossings by 50%
* 25% fewer CO2 emmissions
* BCR of 4.5-1
Network Rails largest single cost is the interest on the loans it took out against the RAB for investment, reversing long term underinvestment and the backlog of repairs it inherited. It will examine refinancing options to remove this liablity.
Costs per passenger km have fallen since 2005/6 and will continue to fall, rolling stock utilisation rate is 24% higher than at privitisation. Targets for saving are labour productivity, resource allocation, rolling stock procurement, ticketing and retail provision.
It contests McNultys assertation that rolling stock is underutilised and passenger loading is low which should lead to savings on rural routes saying its commisioned its own study into rolling stock utilisation which will consider the differing UK geographic structure (more commuter, shorter distance, higher frequency, more dense seating, shorter length, rural routes, etc...)
Rail is a popular and cheaper alternative to car and major cities are increasingly reliant on it, it expects usage to continue to rise and the major challenge being rolling stock demand.
Investment
£4.5bn is already committed to CP5 in projects like Crossrail and Electrification, its proposing £4.9bn of additional investment with a BCR of 4.5-1 which would require Government subsidy to maintain this infrastructure to increase by £260m by 2019. Some infrastracture would be self funding though would not repay its construction cost before the end of CP5. While the proposal is one package it contains within it options ranging from BCR 1.9 to 4.8 which the Government could choose not to support.
Investment Proposed
Just skimming this, but the proposed investments are:
Extra electification
* the Midland Main Line from Bedford to Corby, Nottingham, and Sheffield via Derby;
* Gospel Oak to Barking and the associated Thameside Branch and Ripple Lane sidings;
* the North Trans-Pennine route via Diggle (between Guide Bridge and Leeds, and between Leeds and Colton Junction connecting to the East Coast Main Line for York); and
* the Cardiff Valley lines.
* Perhaps implementing a plan converting South East 3rd rail network to Overhead 25kv AC.
Northern Hub, Station schemes in the South East, line speed improvements in the East Midlands, Yorkshire, Bristol and Oxford; more electric freight utilising electrification schemes, closure and upgrade of level crossings, passenger and station congestion improvements, Liverpool capacity increase, Midland Mainline platform lengthening, Leamington Spa-Coventry improvemens (low BCR of 1.5 so may not be approved), Birmingham New St-Tamworth resignalling and turnbacks to increase freight paths, Great Western to Heathrow connection. Great Western gauge enchancement to W12, WCML capacity improvement north of Preston, Derby Station layout reconfigurement (BCR only 1.0 at present but early stages).
1. Large investment for the future, Network Rail finds savings beyond McNulty targets and Government reinvests the savings back into the network while fares continue to be above inflation.
2. Moderate investment, Network Rail finds savings beyond McNulty targets and Government claws it back but fares remain above inflation.
3. Low investment, Network Rail finds savings beyond McNulty targets, Government claws them back and at the same time reduces fares to equal or below inflation.
The Transport Secretarys response will be next Summer.
Thursday Update
Here we go, Network Rails CP5 submissions for funding.
England and Wales
http://www.networkrailmediacentre.co.uk/imagelibrary/downloadMedia.ashx?MediaDetailsID=5067
Scotland
http://www.networkrailmediacentre.co.uk/imagelibrary/downloadMedia.ashx?MediaDetailsID=5071
Reading through England for highlights....
Economic benefits of CP5 plan
* Cost to taxpayer reduced by 66% in 2019 compared to 2014, to £1bn per annum. Giving Government the choice to keep savings, reinvest or lower fares.
* 170,000 more seats in peak, 30% increase in freight paths
* Reduce risk at railway crossings by 50%
* 25% fewer CO2 emmissions
* BCR of 4.5-1
Network Rails largest single cost is the interest on the loans it took out against the RAB for investment, reversing long term underinvestment and the backlog of repairs it inherited. It will examine refinancing options to remove this liablity.
Costs per passenger km have fallen since 2005/6 and will continue to fall, rolling stock utilisation rate is 24% higher than at privitisation. Targets for saving are labour productivity, resource allocation, rolling stock procurement, ticketing and retail provision.
It contests McNultys assertation that rolling stock is underutilised and passenger loading is low which should lead to savings on rural routes saying its commisioned its own study into rolling stock utilisation which will consider the differing UK geographic structure (more commuter, shorter distance, higher frequency, more dense seating, shorter length, rural routes, etc...)
Rail is a popular and cheaper alternative to car and major cities are increasingly reliant on it, it expects usage to continue to rise and the major challenge being rolling stock demand.
Investment
£4.5bn is already committed to CP5 in projects like Crossrail and Electrification, its proposing £4.9bn of additional investment with a BCR of 4.5-1 which would require Government subsidy to maintain this infrastructure to increase by £260m by 2019. Some infrastracture would be self funding though would not repay its construction cost before the end of CP5. While the proposal is one package it contains within it options ranging from BCR 1.9 to 4.8 which the Government could choose not to support.
Investment Proposed
Just skimming this, but the proposed investments are:
Extra electification
* the Midland Main Line from Bedford to Corby, Nottingham, and Sheffield via Derby;
* Gospel Oak to Barking and the associated Thameside Branch and Ripple Lane sidings;
* the North Trans-Pennine route via Diggle (between Guide Bridge and Leeds, and between Leeds and Colton Junction connecting to the East Coast Main Line for York); and
* the Cardiff Valley lines.
* Perhaps implementing a plan converting South East 3rd rail network to Overhead 25kv AC.
Northern Hub, Station schemes in the South East, line speed improvements in the East Midlands, Yorkshire, Bristol and Oxford; more electric freight utilising electrification schemes, closure and upgrade of level crossings, passenger and station congestion improvements, Liverpool capacity increase, Midland Mainline platform lengthening, Leamington Spa-Coventry improvemens (low BCR of 1.5 so may not be approved), Birmingham New St-Tamworth resignalling and turnbacks to increase freight paths, Great Western to Heathrow connection. Great Western gauge enchancement to W12, WCML capacity improvement north of Preston, Derby Station layout reconfigurement (BCR only 1.0 at present but early stages).
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