Investing in the industry

Investment is essential to cater for the growth in demand for both passenger and freight services. An effective framework for delivering infrastructure investments such as increasing track capacity or building new stations is required.

We have a role in making sure the investment infrastructures are in place, and once agreed, projects are delivered on time and budget.

Schemes are proposed by train operators, other rail users (in particular users of freight services) or funders of rail services. Others are identified by Network Rail in its new role of coordinating the development of Route Utilisation Strategies for the railway network.

Network Rail also takes the lead in promoting, planning, facilitating and, in most cases, delivering and financing schemes.

Anyone with questions concerning the investment framework can contact Chris Littlewood (chris.littlewood@orr.gsi.gov.uk or 0207 282 2195).

Current investment framework policy and guidance

29 Oct 2010	Investment framework consolidated policy & guidelines	Responses
19 Apr 2010	Example calculation of a facility charge

Documentation

General publications
19 Apr 2010	Investment framework consolidated policy and guidelines consultation
5 Feb 2010	Improved template investment contracts - approval for England and Wales
31 Mar 2009	Policy framework for investments – obstacles to investment conclusions
11 Mar 2009	Policy framework for investments – guidance on station charges conclusions Annex A: Example facility charge calculation
5 Mar 2009	Investment framework - liabilities in Network Rail's template investment contracts - conclusions
18 Dec 2008	CP4 pre-tax rate of return for the investment framework
2 Oct 2008	Investment Framework – liabilities in Network Rail’s template investment contracts	Responses
21 Jul 2008	Investment framework guidance on station charges consultation	Responses
12 May 2008	Investment Framework - ORR conclusions on our review of the approach to third party investments
2 May 2008	ORR Review of obstacles to third party investment - stakeholder letter	Responses
11 Oct 2007	ORR review of the approach to third party investments - stakeholder letter
11 Oct 2007	Stakeholder workshop presentation by Network Rail - 26 September 2007
28 Jun 2007	Proposals for a rebate mechanism for investors in large-scale enhancements – final conclusions
2 Mar 2007	Policy framework for investments – update on implementation guidelines	Responses
19 Jan 2007	Track access charges on the Stirling - Alloa - Kincardine route
21 Dec 2006	Proposals for a rebate system in investments for large-scale enhancements - draft conclusions	Responses
14 Dec 2006	Annual Review of Network Rail Investment Activity for 2005-06 (letter to Network Rail)
29 Nov 2006	Code of Practice for the Application of Sections 16a to I of the Railways Act 1993 - Final conclusions
5 Sep 2006	Model terms and conditions for third party investment schemes under Part G of the Network Code: basic agreements (letter to Network Rail)
2 Aug 2006	Code of Practice for the Application of Sections 16a to I of the Railways Act 1993: A consultation document - Covering letter	Responses
15 Jun 2006	Model terms and conditions for third party investment schemes under Part G of the Network Code: basic agreements (letter to Network Rail)
24 Mar 2006	Policy framework for investments: guidelines on implementation arrangements & processes	Responses
9 Mar 2006	Model terms and conditions for third party investment schemes under Part G of the Network Code (letter to Network Rail)
16 Dec 2005	Proposals for a rebate mechanism for investors in large-scale network enhancements letter	Responses
23 Nov 2005	Technical note: Network Rail’s approach to third party investments
7 Oct 2005	Policy framework for investments: conclusions - (Press notice)
25 Feb 2005	Policy framework for investments: an initial consultation  - (Press notice)	Responses
Consultants' papers
27 Sep 2011	Enhancement Project Spend Efficiency Assessment – Independent report by Halcrow
14 Dec 2006	Halcrow report - Independent Reporter A - Project Monitoring 2005/06 - Final Report
Dec 2004	NERA's report - Enhancement framework in regulated utilities

Last updated: 29 September 2011