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Study of the National Audit Offices' report on the modernisation of the West Coast mainline, 2006. In November 2006 the National Audit Office ('NAO') published a report on the modernisation of the West Coast mainline. As part of this report the NAO gave consideration to how the requirement to deliver the project within a tight schedule added to the costs of the project. The report specified that

We undertook a phase 1 market study of general liability insurance for the rail industry in 2006 as part of the wider review of insurance conducted by ORR's licensing team. The scope of the study was to make an assessment of whether the market(s) for the provision of rail liability insurance was/were functioning effectively, including the identification of any features or combination of features

The European Rail Traffic Management System (ERTMS) is a European train control system that will be introduced onto the GB rail network over the next 30 years.