By reporting on Network Rail’s efficiency and wider financial performance over time, we give assurance to rail users and funders that Network Rail is delivering what is expected and at the same time, we provide a strong reputational incentive on Network Rail to become more efficient.
Our annual assessments are intended to help customers, funders and other interested parties gain a better understanding of Network Rail's efficiency and financial performance compared with the CP6 financial assumptions that we set out in our 2018 periodic review (PR18) final determination.
Annual efficiency and finance assessment 2024
Our assessment provides a snapshot based on the best available information and presents financial data on Great Britain, England and Wales, and Network Rail’s five regions: Scotland, Southern, Wales and Western, Eastern, and North West and Central.
It contains reported figures and commentary on Network Rail's income and expenditure and its efficiency compared to our PR18 determination.
Director of Economics, Finance and Markets Will Godfrey discusses the report in his latest blog.
Annual efficiency and finance assessment of Network Rail 2024
Previous annual efficiency and finance assessments
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Older annual efficiency and finance assessments are available on the National Archives.