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Network Rail: Finance

Asked by Dr Kieran MullanConservativeDepartment for TransportTabled Answered 22 October 2024UIN 9113

The question

To ask the Secretary of State for Transport, how much and what proportion of the Control Period 7 funding settlement remains available to Network Rail; and if she will take steps to ensure that total funding level remains the same for the next financial year.

Answered by Simon Lightwood

The full regulated Control Period 7 funding settlement, as outlined in the Delivery Plan, remains available to Network Rail. The phasing of spend is subject to annual update of the Delivery Plan for the 5 year period as led by Network Rail working in conjunction with the regulator and Government.

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