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Railways: Network Rail

Volume 704: debated on Monday 27 October 2008

asked Her Majesty's Government:

Whether appropriate financial incentives exist for Network Rail and the train operating companies to work together to secure efficiency in excess of the levels agreed in franchises and in the Rail Regulator's periodic review. [HL5685]

There are currently no specific direct financial incentive mechanisms in place to encourage Network Rail and the train operating companies to work together to secure efficiency in excess of the levels agreed in franchises and in the Rail Regulator's periodic review.

We would support the development of such incentives, provided they could be demonstrated to provide value for money.