Financial framework for PR18

Date published: 14 December 2017
Closing date: 18 January 2018

This letter updates the information we set out in our first consultation on the financial framework for PR18 which was published in January 2017. It outlines several policy developments that have implications for Network Rail’s funding structure for CP6 and our route level approach to determining its revenue requirements.

Update on the financial framework for PR18 pdf icon PDF, 175 Kb
Published 14 December 2017

We will consider these developments in light of the governments’ high level output specifications (HLOSs) for CP6, the statement of funds available (SoFA) published by the Department for Transport, and our review of Network Rail’s strategic business plan submissions. We will also take into account Transport Scotland's SoFA when it becomes available.

We will be publishing updated proposals on the financial framework in spring 2018 (we will also be publishing a consultation on financial performance and efficiency assessment for CP6 in January 2018), and whilst we have not set out any particular consultation questions in this letter, we would welcome any comments by the deadline date of 18 January 2018.

Please send your comments to PR18@orr.gsi.gov.uk.

January consultation document

Consultation on the financial framework for PR18 pdf icon PDF, 1,352 Kb
Published 26 January 2017