The Office of Rail and Road’s (ORR) annual assessment of Network Rail finds the company has continued to deliver its planned efficiencies in 2021/22 but warns it must carefully manage its financial risks, particularly in the context of rising inflation.
The Office of Rail and Road’s (ORR) annual assessment of Network Rail Scotland (April 2021 to March 2022) shows it has been a challenging year for the region with missed efficiency targets and mixed train service performance.
The Office of Rail and Road’s (ORR) annual assessment of Network Rail’s Eastern region finds that it delivered £251 million of efficiency improvements in the year (April 2021 to March 2022), which was ahead of its £232 million target.
Network Rail's network licence includes a condition providing for independent experts (reporters) to be appointed by the network operator (Network Rail), to provide ORR with advice on different aspects of Network Rail’s performance.
The Office of Rail and Road’s (ORR) annual assessment of Network Rail’s North West and Central region finds that it was Network Rail’s top performing region for the year (April 2021 to March 2022), having retained much of the train performance gain achieved during the pandemic and having delivered its planned efficiencies.