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05/09/2012
Network Rail Could Face Multi-Million Pound Fine
Network Rail (NR) could be facing a large fine over failures to deliver on plans to improve long-distance train punctuality, rail regulators have said.
The Office of Rail Regulation (ORR) said the rail infrastructure company faces a multi-million pound fine if it misses lateness targets for 2013-14.
The ORR identified "serious problems affecting some services," despite some improvements.
NR said it recognised it was "falling short" on some performance targets.
The ORR based its analysis on the firm's performance between 1 April and 21 July 2012.
At the end of this period, the ORR found 88.9% of long-distance trains arrived at their final destination within 10 minutes of the advertised time.
The ORR said: "We have requested that NR quickly identifies what has gone wrong and explain how it will recover the position for 2012-13.
"When this has been completed, the rail regulator will consider what further action to take."
(H)
The Office of Rail Regulation (ORR) said the rail infrastructure company faces a multi-million pound fine if it misses lateness targets for 2013-14.
The ORR identified "serious problems affecting some services," despite some improvements.
NR said it recognised it was "falling short" on some performance targets.
The ORR based its analysis on the firm's performance between 1 April and 21 July 2012.
At the end of this period, the ORR found 88.9% of long-distance trains arrived at their final destination within 10 minutes of the advertised time.
The ORR said: "We have requested that NR quickly identifies what has gone wrong and explain how it will recover the position for 2012-13.
"When this has been completed, the rail regulator will consider what further action to take."
(H)
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