A safer, more efficient and better performing railway
18 May 2016
Rail passengers and freight customers need a safe, reliable and efficient railway. Our role is to support the rail industry to deliver this and to ensure that every pound of the public’s money is well spent.
Today, ORR has launched our first major consultation on the 2018 periodic review, known as PR18. This will play a central role in determining what Network Rail should deliver between 2019 and 2024, as well as the funding and incentives needed to support this.
Launching the PR18 Review, Joanna Whittington, ORR’s Chief Executive said:
This is an exciting and important opportunity for Britain’s railways.
ORR’s review will support a safer, more efficient and better performing railway, delivering value for passengers, freight customers and taxpayers into the next decade and beyond.
Network Rail is increasingly devolving responsibilities to local managers who can work with local communities and businesses. We propose to support this by regulating the company in a different way, looking separately at its national and local responsibilities.
To be successful, we need everyone’s ideas and involvement, both on this consultation and throughout the review.”
ORR’s Director of Railway Markets and Economics, John Larkinson has written a blog introducing the PR18 Review in more detail. Read it here: http://orr.gov.uk/news-and-media/orr-blog/a-safer-more-efficient-and-better-performing-railway
The first PR18 consultation is available to read at: http://orr.gov.uk/consultations/open-consultations/periodic-review-2018-initial-consultation
Browse our website to find out more about PR18: http://orr.gov.uk/what-and-how-we-regulate/regulation-of-network-rail/how-we-regulate-network-rail/periodic-review-2018/about-pr18
Please subscribe to our PR18 email alerts service to receive updates and news on the review: http://eepurl.com/b1Xl5H