Choose a letter below:
OFTThe Office of Fair Trading.
OLEOverhead line electrification equipment.
Open access passenger train operators are those who operate services purely on a commercial basis, i.e. not under either a franchise or a concession agreement. These are companies who identify an opportunity to run a service which is not currently being provided, and they apply to the Office of Rail Regulation (ORR) for the necessary track access rights and to Network Rail for train paths in the timetable. Open access passenger operators include Hull Trains and Grand Central.
Operating expense: as distinct from CAPEX (capital expenditure), OPEX refers to ongoing costs incurred by Network Rail to maintain the railway infrastructure. Examples of OPEX include routine safety checks on the railway tracks or repairing signalling when it fails.