Network Rail delivered £4bn of efficiency savings in Control Period 6 (CP6), 2019-2024, but still financially underperformed, a new assessment from the Office of Rail and Road (ORR) has revealed.
Latest Rail News
Arcadis-designed £22M Leicester station revamp gets planning approval
Leicester City Council has granted planning permission to the £22M revamp of Leicester station, which has been designed by Arcadis.
Government tipped to green light HS2 Euston development in Autumn Budget
Chancellor Rachel Reeves is poised to give the green light to the extension of the High Speed 2 (HS2) rail project up to London Euston and the development of the station itself.
Transpennine Route Upgrade being reviewed before Autumn Budget
The completion of the Transpennine Route Upgrade to electrify the Manchester-Leeds rail line is being reviewed by government officials in the lead up to the Autumn Budget.
TfL appoints contractor for tunnels on Elephant & Castle station upgrade
Transport for London (TfL) has appointed Dragados UK as the contractor for the design and construction of new passenger tunnels on its Elephant & Castle station upgrade.
Government considering bringing HS2 Ltd under state control
High Speed 2 Ltd (HS2 Ltd), the government-owned company in charge of delivering HS2, may be brought under direct state control as a result of a new government-commissioned review.
ORR accepts Network Rail plan to improve performance in failing Wales & Western region
The Office of Rail and Road (ORR) has accepted Network Rail’s plan to try and improve train performance in the failing Wales & Western region.
Melbourne Metro Tunnel project sees £431M cost blowout and potential delays
The Victoria, Australia government’s Melbourne Metro Tunnel rail project is facing significant budget overruns and a potential delay.
Two rail bridges to be demolished and replaced for £140M East Kilbride enhancement this weekend
Two railway bridges in Glasgow are to be demolished and replaced with modern structures this weekend as part of Network Rail’s £140M East Kilbride enhancement project.
GCRE signs deal for AI use in rail infrastructure and launches innovation competition
The Global Centre of Rail Excellence (GCRE) has announced a series of collaborations to enhance delivery of rail infrastructure, including through use of artificial intelligence (AI).