Periodic review 2008

The 2008 Periodic Review (PR08) will set Network Rail’s outputs, revenue requirement and access charges for 1 April 2009 to 31 March 2014.

This page contains all the key information and reports related to PR08. Our consultants’ reports are also available.

What PR08 includes

PR08 has included extensive work determining the appropriate financial and incentive framework for Network Rail and has reviewed the potential for efficiency savings in its expenditure.

This is the first review since the passing of the Railways Act 2005. It introduced a new process involving the issuing by the Secretary of State and Scottish Ministers of :

• High Level Output Specifications (HLOSs), and
• Statements of Funds Available (SOFAs)

This introduces the need for a detailed understanding of whole industry costs and revenues when undertaking the review.

On 30 October 2008 we published our determination for control period 4 (CP4, 1 April 2009 to 31 March 2014). The determination sets out the outputs that Network Rail will need to deliver in CP4 and the revenue that Network Rail will receive from access charges and other sources.

Last updated 7 November 2008