6 April 2018
Body
Components
We have today published the payments due between Network Rail and the twelve train operators participating in the route-level efficiency benefit sharing mechanism (REBS) for 2016-17. The payments are shown in the table below.
Under the mechanism train operators share some of the rewards or costs of Network Rail's performance against its funding and outputs settlement for Control Period 5 (2014-15 to 2018-19).
Summary of net payments between Network Rail and operators
| Operator | Owning Group | Payment from operator to Network Rail (£) | Payment from Network Rail to operator (£) |
|---|---|---|---|
| Chiltern Rail | 100% Arriva | -6 | |
| Arriva Rail North | 100% Arriva | -3 | |
| Virgin East Coast | 90% Stagecoach Group plc 10% Virgin |
-1,608,503 | |
| Caledonian Sleeper | 100% Serco | -131,710 | |
| Govia Thameslink Railway | 65% Go-Ahead Group plc 35% Keolis |
-1,273,156 | |
| Southeastern | 65% Go-Ahead Group plc 35% Keolis |
-8,249 | |
| Eurostar | 55% SNCF 30% CDPQ 10% Hermes Infrastructure 5% NMBS/SNCB |
-758 | |
| First Hull Trains | FirstGroup plc | -55,176 | |
| Total | -3,077,561 | nil |
More detailed information is available at: https://orr.gov.uk/rail/economic-regulation/regulation-of-network-rail/monitoring-performance/efficiency-and-finance-assessment