Annual efficiency and finance assessment of Network Rail

This document provides our efficiency and financial assessment of Network Rail for 2010-11 ( PDF 2266 Kb), the second year of control period 4 (CP4) (control period 4 covers the period from 1 April 2009 to 31 March 2014). Its purpose is to provide our assessment of Network Rail’s efficiency and financial performance for Network Rail’s customers, funders and other interested parties.

We monitor whether Network Rail is achieving the expected efficiencies in operating, maintenance, renewal and enhancement expenditure and whether it is operating within the financial settlement we set out in our 2008 periodic review (PR08 determination). We have therefore compared information and data received from Network Rail (and other sources) against our PR08 determination and in some cases with Network Rail’s own 2010 delivery plan update and actual 2009-10 figures. We also provide an update on the Efficiency Benefit Sharing Mechanism (EBSM).

We also monitor Network Rail’s performance, including in respect of safety risk, train performance, asset performance and planning. These assessments are included in our Network Rail Monitor publication. The Monitor covering the 2010-11 financial year (the 2010-11 Q4 Monitor) was published on 14 June 2011 and is available on our website.

Last updated: 30 September 2011