ORR statement – Regulator responds to rail investment plans

16 July 2012

Transport Secretary Justine Greening has today announced rail investment plans in the ‘High Level Output Specification’ programme for 2014-2019.

Office of Rail Regulation Chief Executive, Richard Price, said:

“The Government’s plan for the railways between 2014 and 2019 sets out a massive programme of investment towards achieving a world class rail service, underlining the importance of rail in economic growth and connectivity across England and Wales.

“We now need to ensure that the plan is affordable, and to work with the rail industry to set out in detail how it can be delivered. Fundamental in our role will be ensuring that all those involved in delivering the plan work together to make every penny count and achieve the best possible value for money for passengers and taxpayers.”

For more information about delivering the plan for Britain’s railways between 2014-2019, visit: http://www.rail-reg.gov.uk/pr13/

Today’s HLOS announcement can be viewed at: http://www.dft.gov.uk/news/press-releases/dft-press-20120716a