Consents for condition 16 of Network Rail's network licence - financial ring-fence

Components

Consents granted/denied since the modification to Condition 16 (financial ring-fence) on 18 Nov 2002 are listed below.

Date of consent Issue Period Links to documents
22 March 2022 Rail and Logistic Supply Collaboration with HS2 Limited 22 March 2022 to 31 March 2029 ORR consent
28 Mar 2019 Property-related activities in CP6

01 Apr 2019 to 31 Mar 2024

ORR consent
14 Mar 2019 Euston Station development agreement 01 Apr 2019 to 31 Mar 2024 ORR consent
15-Jan-2018 Euston Station development agreement 15 Jan 2018 - 31 Mar 2019 ORR consent
29-Sept-2015 New form of consent to property related activities 29 Sept 2015 - 31 Mar 2019 ORR consent
25-Mar-15 Extension of consent to property related activities 1 Apr 2015 - 30 Sept 2015 ORR consent
08-07-14 Acquisition of Grand Central shopping centre Not applicable Decision
27-Mar-14 Extension of consent to property related activities 1 Apr 2014 - 31 Mar 2015 ORR consent
28-Feb-13 Dividend payment from NRIL to NR Holdco n/a ORR consent
13-Feb-13 Transfer of BRBR assets to Network Rail ongoing ORR consent
30-Sep-10 Consent to property related activities 1 Oct 2010 - 31 Mar 2014 ORR consent
Cover letter
14-May-10 Consent in respect of services to High Speed 1 ongoing ORR consent
26-Mar-10 Consent to property related activities - extension to consent 08/06/05 1 Apr 2010 - 30 Sep 2010 ORR consent
Cover letter
17-Mar-09 Extension of property related activities Extend - 31 Mar 2010 ORR consent
Reasons letter
21-Jul-08 Establishment of a multi-site joint venture for the development of several stations in south east England ongoing ORR consent
Reasons letter
11-Sep-07 Consent to act as a NoBo for third party activities ongoing ORR consent
12-Apr-07 Financial indebtedness consent n/a ORR consent
30-Oct-06 Ownership of locomotives for the trial of ERTMS on the Cambrian route 30 Oct 2006 - 31 Dec 2018 ORR consent
25-Sep-06 Payment of:
95m to DfT and TS re overstatement of debt in ACR2003; and
275m to DfT re compensation for additional funding provided
n/a ORR consent
06-Jun-06 Consent to property related activities 8 Jun 2006 - 31 Mar 2009 ORR consent
08-Jun-05 Consent to property related activities 8 Jun 2005 - 7 Jun 2006 ORR consent
11-Nov-05 GB Railfreight wagon swap 11 Nov 2005 - 7 Jun 2006 ORR consent
21-May-04 Date extension for Project Rio - payments to Midland Main Line for provision of passenger services between St Pancras and Manchester Piccadilly Summer change date 2004 to 11 Sep 2004 ORR consent
16-May-03 Project Rio - payments to Midland Main Line for provision of passenger services between StPancras and Manchester Piccadilly Summer change date 2003 to Summer change date 2004 ORR consent
10-Apr-03 Payment to Great Western Trains Company for GWTC provision of a standby train Summer change date 2003 to Summer change date 2004 ORR consent
18-Nov-02 Operation of stations and depots Ongoing ORR consent