The railway continues to see strong traffic growth which provides us with the challenge of getting the balance right between capacity, reliability and efficiency.
“We have seen growth on the network of five per cent a year for a decade and this is set to continue. That means we continue to become more efficient so we can continue to invest to meet this growth.
This, combined with the traffic growth allow us to sustain high levels of capital investment, delivering £2.1bn of worth of capital work in the six months.”
Last year we completed devolving authority to all ten of our routes and now we can make progress to moving to a group structure that reflects this. We have already set up our infrastructure projects division as a standalone business unit, launched Network Rail Consulting as our international business and we have plans to run our energy, telecoms and recycling operations each with their own profit and loss account. We believe this will generate greater efficiencies and unlock greater value to the business.
Our daily focus remains on running safe, reliable and efficient railway service for passengers and freight users alike. Whilst train punctuality is at high, historical levels we recognise that on parts of the railway performance is not as good as it should be. As we have before, we will continue to take any appropriate action to improve services.