ORR expects 16% cost saving 'at least'

摘要

The cost savings of 16% proposed in the Initial Industry Plan for Control Period 5 (RB1399 p1) are seen by ORR as an opening position as the regulator steps up its work programme under Periodic Review 2013 to determine Network Rail's income from April 1 2014. 'We expect industry to deliver at least what's in the IIP', ORR Chief Executive Richard Price told RBI on February 22.NR has reduced its operating maintenance ft renewal costs 'very substantially' since the start of CP3, but they remain too high and the infrastructure company has 'further to go', according to Price.