31 March 2017
Body
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 | Payments from operator to Network Rail (£) | Payments from Network Rail to operator (£) |
|---|---|---|---|
| Chiltern Rail | 100% Arriva | -9 | |
| Greater Anglia | 100% Abellio | -21 | |
| Virgin East Coast | 90% Stagecoach Group plc 10% Virgin |
-1,787,034 | |
| South West Trains | 100% Stagecoach Group Plc | -3 | |
| Caledonian Sleeper | 100% Serco Group Plc | -137,525 | |
| Govia Thameslink Railway | 65% Go-Ahead Group plc 35% Keolis |
-1,103,174 | |
| London Midland | 65% Go-Ahead Group plc 35% Keolis |
-5,832 | |
| Southeastern | 65% Go-Ahead Group plc 35% Keolis |
-10,102 | |
| Virgin West Coast | 49% Stagecoach Group plc 51% Virgin |
-2 | |
| First Hull Trains | 100% FirstGroup plc | -59,377 | |
| Total | -3,103,079 | (nil) |
More detailed information is available at: https://orr.gov.uk/__data/assets/pdf_file/0020/24527/route-level-efficiency-benefit-sharing-payments-2015-16.pdf
Notes
- The Office of Rail and Road (ORR) is the independent safety and economic regulator for Britain's railways and the independent monitor of Highways England.
- A positive number indicates a REBS payment from Network Rail to an operator; a negative number indicates a REBS payment from an operator to Network Rail. Payments exclude any VAT applicable.