New government emphasises importance of private investment in rail

In a letter to the Office of Rail and Road, published last week, the new government has identified areas for ‘further focus’. In addition to HS2, it says:

Second, a greater emphasis on potential options for private investment in rail infrastructure, in line with the recommendation in the Shaw Report, so that the regulatory framework supports third party investment to add real value alongside continuing Government investment.

Third, a greater focus on encouraging innovation across the rail sector. This is a vital counter-point to work on NR’s efficiency.

According to WLR’s contacts in the ORR and Network Rail, WLR is the only core network ‘private investment in rail infrastructure’ in line with the Shaw Report.