Under the new plan, Network Rail aims to provide a more punctual and reliable railway for freight users, recognizing the importance of optimizing train performance during the so-called Control Period 7 (CP7), which covers the time frame between 2024-2029.
In a significant move towards sustainability, Network Rail plans to more than double its investment in tackling climate change, allocating £1.6 billion specifically for this purpose. This funding will support initiatives such as earthworks and drainage renewals, the establishment of dedicated earthworks and drainage teams, operational weather expertise, climate change adaptation strategies, and continued investment in the Weather Risk Taskforce. The aim is to enhance the resilience and sustainability of the railway network.
Recognizing the importance of reducing emissions and achieving targeted net-zero initiatives, Network Rail’s plan aligns with government objectives for biodiversity, air quality, and waste management. The company will prioritize investments that contribute to meeting these goals and ensuring a greener future for the rail industry.
The plan also focuses on maximizing value for money by targeting efficiencies and cost savings. With a goal of achieving £3.4 billion in efficiencies over the five-year period, Network Rail aims to make every penny count and optimize the use of available resources.
To ensure safety remains paramount, the plan emphasizes the implementation of innovative technologies. Network Rail will invest £1.85 billion in next-generation signalling, which has the potential to improve reliability and train performance. Additionally, the company aims to utilize advanced monitoring equipment installed on trains to remotely assess infrastructure conditions, minimizing the need for employees to access the track unnecessarily.
As part of its commitment to supporting economic growth and connectivity, Network Rail’s plan includes investments in technology, research and development, and major projects such as the Transpennine Route Upgrade and preparations for HS2. The company also sets an ambitious yet realistic target of 7.5% growth for rail freight across the network, fostering continued expansion in this vital sector.
Furthermore, Network Rail envisions the creation of GBR, a reformed railway that reunites track and train. This holistic approach will enhance efficiency and enable a simpler, better railway system for all stakeholders.
Network Rail’s Chief Executive, Andrew Haines, expressed enthusiasm for the plan, highlighting the significant government investment and the strong economic value that rail brings to the country.
Haines emphasized the ambition and customer-centric nature of the plan, acknowledging the challenges that lie ahead.
He pledged to collaborate with the industry to implement the plan successfully, reshape the railway sector, and create a future-ready and environmentally sustainable freight network.