Efficiencies
Network Rail is funded largely by public money, so we have a responsibility to spend it wisely.
That means finding more efficient ways to plan, build, maintain and run the railway – without compromising safety or performance. We’re working hard to make every pound go further, so we can deliver the best possible railway for passengers, freight and taxpayers.
Our plan is to deliver £4.1bn of efficiencies during control period 7 (2024 – 2029). Whilst we’ve delivered the first two years of our plan, there is still a significant challenge ahead.
Efficiencies are not just about cutting costs. They are about making smart, planned choices: reducing waste, using materials innovatively, improving how work is planned, using technology and innovation more effectively, working with our supply chain to get better value, and delivering outcomes for less and faster. Adopting the SPEED principles across our renewals and enhancements projects also supports the delivery of efficiencies.
These improvements help us deliver a safer, more reliable and more affordable railway. Here are some examples of how we’re working efficiently.