Network Rail has announced sweeping new reforms to get additional companies included in delivering railway investment projects.
Reforms unveiled by leader Mark Carne represent a raft of opportunities for?other manufacturers to directly work with Britain’s railway projects in order to compete for the slice of the huge market also to potentially deliver further improvements for passengers that otherwise probably won’t happen.
He said said: “A growing railway drives the economy, jobs and housing and also welcoming open competition in the core your business we shall improve the overall pace of innovation, creativity and efficiency and can deliver more improvements in our railway as well as the individuals that use and rely upon it each day.
“I am determined?for making a host where innovative alternative party companies?can compete for and directly deliver railway projects. These reforms mark another stage of Network Rail’s transformation having already decentralised into nine devolved individual businesses.”
The reforms include:
- Publishing a frequent pipeline of 3rd party project opportunities
- Creating a swathe of alternative party project champions in the united states who will work side-by-side with delivery bodies, investors and funders to be sure their projects are successful
- Creating a definite service level agreement for organizations in order that they have clarity and reassurance regarding Network Rail’s legal obligations
- Introducing flexibility to railway standards. Safety, of course, will always be central for our ethos but where we are able to encourage innovation decreasing costs without compromising our solid safety record, we’ll explore the way we are usually more flexible
- Launching a?rewards scheme where money saved from introducing a brand new idea or innovation is shared between Network Rail and also the company or individual
These reforms will also unlock new reasons for funding because potential investors has choices over who delivers projects for them. This will likely lessen the burden on central government and taxpayers and prepare new opportunities for passengers as well as communities that count on the railway.
Deputy chairman of the Structure Commission, Sir John Armitt, said: “Record quantities of everyone is selecting to travel by train, and Network Rail is in the midst of your huge programme of renewals and enhancements towards network, alongside working on major schemes including East-West Rail and HS2. And so i welcome these measures, which supports drive innovation and carry new competition as well as the latest technologies to the industry, to supply better services for passengers.”
Darren Caplan, leader on the Railway Industry Association, said: “We are excited through the opportunities we see to innovate with such reforms. ?Everyone knows that your industry has got to change C these changes mark a welcome, positive, approach from Network Rail that has previously resisted such radical steps.”
Mr Carne continued: “I am also determined to find methods of the individual sector to directly spend money on railway projects.? For a government-owned business, it’s got some challenges, but by unlocking private finance you can potentially deliver railway improvements that could otherwise quit possible.”