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Periodic review 2013: Setting the financial and incentive framework for Network Rail in CP5

In 2011, we published the following consultations which covered issues relating to the financial and incentive framework for CP5:

• Our first consultation on PR13, 25 May 2011
• Consultation on the potential for increased on-rail competition, 4 October 2011
• Consultation on incentives, 14 December 2011

Our document Setting the financial and incentive framework document for Network Rail in CP5 Periodic review 2013: setting the financial and incentive framework for Network Rail in CP5 ( 1077 Kb) sets out our conclusions and next steps on the issues raised in these consultations. It marks another important step in PR13 and links to the further work we are carrying out in 2012.

Amongst the next steps outlined in the document are further consultations on more detailed financial and incentive framework issues later in 2012, including those relating to:

• the financial framework (including indexation, corporation tax and the network grant) (1 August 2012)
• the Schedules 4 and 8 possessions and performance regimes (in November)