In this section
Possessions regime workshop
We held a half day industry workshop on the Schedule 4 possessions regime at our Kemble Street Office, London on the morning of 11 November 2011.
The workshop formed part of the Periodic review 2013 (PR13). At the heart of PR13 is our assessment of what Network Rail must achieve from 2014, the money it needs to do so, and the incentives needed to encourage delivery and outperformance. But the review goes beyond Network Rail and looks at how it should work more closely with train operators, suppliers and others to reduce costs and deliver more for customers.
Schedule 4 is the regime by which operators are compensated for possessions (delays and cancellations due to Network Rail’s engineering work). Schedule 4 is intended to incentivise Network Rail to plan engineering work early and efficiently.
The workshop provided stakeholders with the opportunity to explore and debate:
- the effectiveness of the current regime in incentivising the efficient management of possessions and in compensating operators for associated losses;
- at a high level, the degree to which Schedule 4 should be subject to further review during PR13; and
- the merits of the model contract versus bespoke arrangements, particularly in context of wider reform to support closer working between operators and Network Rail at the route level.
We will provide stakeholders with opportunities to engage on more detailed Schedule 4 issues later in PR13.