Consultation on financial issues for Network Rail in CP5

On 1 August 2012, we published our Periodic review 2013 consultation on financial issues for Network Rail in CP5 ( 972 Kb) . This consultation marked another important step in the 2013 periodic review of Network Rail’s access charges (PR13).

We consulted on detailed issues relating to the financial framework that will apply to Network Rail in CP5, e.g. our approach to inflation risk. The issues raised in this consultation are important as they can have a significant impact on Network Rail, for example on the level of its revenue requirement and how we compensate it for risk.

The consultation period closed on 26 September 2012 and after taking into account consultees' views, we have now set out our decisions ( 1003 Kb) on the majority of these issues. Where we have consulted on issues in our consultation but have not yet made decisions, we will set out these decisions in our draft determination in June 2013.

The financial consequences of our decisions will be included in our draft determinations in June 2013 and final determinations in October 2013.

Our decisions in this area will be of particular interest to you if you are a train operator (passenger and freight), Network Rail, Department for Transport, Transport Scotland or another franchise authority.