Network Rail hammered for dreadful punctuality record
Richard Price, head of the Office of Rail Regulation (ORR), told Network Rail’s chief executive, Mark Carne, that the company (who happen to manage and maintain 20,000 miles of track, 40,000 bridges and viaducts and 19 major stations) has to improve and that Network Rail are desperately failing passengers.
In a meeting, which occurred before the release of an ORR report on Network Rail’s performance during the first six months of a £38bn five-year investment plan, it was shown that they'd missed their punctuality target, to the tune of 50,000 more trains running significantly late than expected.
In addition to that, Network Rail are forecast to be £112m over budget this year and thanks to generally being lousy, the company are reacting to problems on the network instead of anticipating them and fixing them before they become a bigger problem.
So, in short, passengers are paying for 60% of the cost of running and maintaining the network through tickets sales and absolutely not getting their money's worth.
With that, there's a strong possibility for fines being thrown at Network Rail. Of course, they've already been heavily penalised in the past for missing a host of targets.
Richard Price said: "I do not think that Network Rail is performing close to its potential, but the new management does recognise this. We’re now watching Network Rail in much greater detail and getting much more data from them." Price added that, with Network Rail now a public sector body, they're no longer able to work with the freedom they had as an independent body, so now the "chickens have come home to roost” as a result of years of under-investment in Britain’s rail infrastructure.
Carne said: "The railway continues to see strong growth in passenger numbers. However, we know that there are too many passengers that do not get the level of reliability they have a right to expect."