PR13 update: incentives to improve rail performance and value for money
21 December 2012
Network Rail and train operators will be incentivised in the future to collaborate more effectively to achieve the best possible performance, improving both service and value for money for passengers and taxpayers, the Office of Rail Regulation has confirmed.
The regulator has published three documents as part of the Periodic Review 2013 (PR13). PR13 will determine what new projects and performance targets Network Rail must achieve during 2014-19 (Control Period 5), the money it needs to do so, and the incentives required to encourage efficient delivery and outperformance.
For more information about PR13: http://www.rail-reg.gov.uk/pr13/about/index.php