The Office of Rail and Road (ORR) has approved Network Rail’s five-year capital investment plan worth £43.1bn in total. The focus is on improving train performance for freight and passengers. This involves reducing cancellations and improving punctuality.
The plan covers the five years to the end of March 2029. There will be an additional £600m of spending on track, structures and earthworks taking the figure to £10.3bn. The ORR wants Network Rail to spend more on assets that are subject to changes in weather patterns. Decarbonisation is another area important to the ORR.
There are thre...
