PARLIAMENTARY WRITTEN QUESTION
Network Rail (2 September 2014)

To ask the Secretary of State for Transport, whether there is a mechanism to enable the transfer of Network Rail's Control Period 6 funding into Control Period 5; and whether such a mechanism has been used.

Asked by:
Lilian Greenwood (Labour)

Network Rail’s funding requirement for Control Period 5 was settled in the Office of Rail Regulation’s Final Determination for 2014-19 published in October 2013. Network Rail has committed to deliver its obligations within this level of funding. Were more funding ultimately required to deliver contracted obligations at an efficient cost, this would be a matter for the Regulator to discuss with the Secretary of State. Funding for the next Control Period (2019-24) will not be determined until the Regulator completes its next periodic review in 2018.

Answered by:
Claire Perry (Conservative)
5 September 2014