The rail regulator will cut the cost of investing in Britain's railways by lowering the risk fees Network Rail charges to third parties and private investors, as part of wider work to support economic growth.
On 29 November 2023 we opened an investigation into Network Rail’s Wales & Western region’s compliance with the Network Licence. This was because despite the delivery of planned improvement activities, the train performance levels experienced by customers continued to be below expectations.
Fewer trains are being cancelled in Wales and the West of England and more are arriving on time, following the completion of an investigation into train performance by the rail regulator, and investment and changes to working practices by Network Rail.