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Annual report and accounts

We own and operate the railway infrastructure in England, Wales and Scotland on behalf of the nation. Here we look at what we do, how we are governed, how we are funded and our strategy for delivering a better railway for passengers

Our aim is to provide a safe, reliable and efficient railway, with the capacity needed to meet ever-growing demand and help build a thriving, sustainable economy. Here you can find out more about our work in 2016/17 to improve the experience of everyone who uses the railway.

Network Rail RevenuesNetwork Rail Operating CostsNetwork Rail Profit before taxNetwork Rail Net Debt  

Britain’s railways create growth, jobs and housing through connectivity; they are a remarkable success story. We have seen the greatest passenger growth in the last ten years of any European country and we are also Europe’s safest major railway.

Sir Peter Hendy, chair

Network Rail passenger kmtraveledNetwork Rail PunctualityNetwork Rail Freight 

Main report sections

From our board

Key messages from our board on our achievements and challenges in 2016/17. Download the foreword by chair, Sir Peter Hendy, the chief executive's review by Mark Carne and chief financial officer, Jeremy Westlake's review of our financial performance.

How we performed

An at-a-glance summary of how we performed against our targets for key performance indicators, plus our approach to risk management.

Route performance: England, Wales, Scotland and Freight and National Passenger Operators (FNPO)

Network Rail operates nine routes across the country, with seven routes in England and Wales, the Scotland Route, which is a deep alliance with Abellio ScotRail, and Freight and National Passenger Operators (FNPO) which was established as the company's ninth route during 2016/17.

How we act responsibly

In 2016/17 we continued to work in ways that improve Britain's economies, communities and the wider environment, and took our transparency work to the next level.

Financial statements

Our full financial statements and notes, plus a review of our financial performance by chief financial officer, Jeremy Westlake.

Network Rail is currently carrying out the biggest rail upgrade programme in generations. Last year alone we spent £3.9bn on railway enhancements, 10 per cent more than in any previous year. And we did this with much less access to the railway than we have had in the past because passengers now want earlier trains in the morning and later trains in the evening. So this has been a busy twelve months for Network Rail and there is much that we can be proud of.

Mark Carne, chief executive

Annual Reports Archive