The first consultation by ORR on the 2014 periodic review of HS1 Ltd (PR14)
Date published: 19 February 2013
Start date: 19 February 2013
Closing date: 16 April 2013
The concession agreement, a contract between High Speed 1 (HS1) Limited, which owns and operates the HS1 network, and the secretary of state for transport, sets out the purpose, and in general terms, the process for conducting periodic reviews.
The concession agreement sets out ORR's roles, powers and functions regarding HS1, including the requirement for us to perform periodic reviews of HS1's access charges.
The concession agreement requires us to publish an initial consultation in the lead-up to a periodic review.
This consultation, designed to fulfil that requirement, set out the respective roles and objectives of the relevant parties, as well as the legal and contractual basis for our periodic review of HS1 (PR14).
It also set out the key inputs to, and expected outcomes and outputs from, PR14.
The purpose of this document was to set out:
- the timescales for the preparation of the 5 year asset management statement (5YAMS) - which is acknowledged and agreed as the main input to periodic review and the associated consultation on this document;
- the constituent elements of the 5YAMS;
- the required inputs and outputs for PR14; and
- the proposed timetable for PR14.
This consultation sought views from interested parties on the above to help us shape our activities, respond to our questions and to ask a number of questions.
The consultation document also contains information on a stakeholder workshop we held on 13 March 2013 to discuss the consultation document and HS1's progress on the workstreams which make up PR14.
We have now published our conclusions on the initial consultation, which sets out our approach to PR14
The conclusions we have reached are based on interactions at the 13 March 2013 stakeholder session, other stakeholder sessions held by HS1 Ltd and written responses received to questions asked in the initial consultation.
Colleagues are invited to read the approach document alongside the initial consultation document.