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Archive
2000-06-20 ORR-001
Office of the Rail Regulator
Maintenance and renewal of the West Coast Main Line
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West Coast Main Line
notes
ORR/00/18
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Press release
Office of the Rail Regulator
Maintenance and renewal of the West Coast Main Line
In a consultation document published today Tom Winsor, the Rail Regulator, reviews the costs of the maintenance and renewal components of the West Coast route modernization, which represents around two thirds of the cost of the entire project.
Commenting on his review of these costs, Tom Winsor said: "In the last year Railtrack has made significant efforts to improve its ability to manage this project. It needs to build on and intensify that work, bringing in appropriate expertise - domestic and international - to ensure that best practice is applied."
In December 1999 Railtrack announced the increase in its view of the costs of the project, from an original estimate of 2.3 billion pounds to estimates which are now in the region of 5.85 billion pounds. These figures have been subject to very considerable scrutiny, and significant adjustments have been made to Railtrack's projections.
The Regulator will be discussing with the Shadow Strategic Rail Authority the appropriate treatment of enhancements - the additional capability of the route which Railtrack has also committed to deliver - and will be announcing his views on this element of the programme with my draft conclusions on the periodic review as a whole in July 2000.
Copies of "The periodic review of Railtrack's access charges: West Coast Route Modernisation" is available on this site as Acrobat Adobe PDF documents or in hard copy from Sue MacSwan, ORR Library, 1 Waterhouse Square, 138-142 Holborn, London EC1N 2TQ. Tel: 020 7282 2001; fax: 020 7282 2045; e-mail: orr@dial.pipex.com. [[see related document 1]]
Railnews Archive ::: 2000-06-20 ORR-001
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