Enforcement of HS1 limited
We discharge our function under regulation 13 of The Railways Infrastructure (Access and Management) Regulations 2005 through monitoring and enforcing High Speed 1 (HS1) Limited's compliance with the obligations relating to asset stewardship, reporting and minimal operational standards set out in the concession agreement.
We can make enforcement orders, including preventative action for likely future breaches.
We can require compliance with an order through seeking an injunction or other relief or remedy.
However, we are not able to levy financial penalties.
HS1 Limited's failure to comply with an enforcement order which has not been appealed is an event of default under the concession agreement, which may lead to termination of the concession agreement by the secretary of state.
We expect to take a proportionate and timely approach to monitoring and enforcement, recognising the processes set out in the concession agreement.
In taking enforcement action under our powers in the concession agreement we will apply the principles and procedures in our existing economic enforcement policy. This states that we will concentrate on serious or systemic problems and take a stepped approach to enforcement.