Transport for LondonORR investment options
ORR Consultation on Policy Framework for Investments - guidelines
Earlier this year, we responded to the ORR's consultation regarding the investment policy framework for the National Rail network. The ORR sought comments on four points in particular:
- The clarity of Network Rail's templates for third-party schemes, their ability to facilitate investment and the accompanying guidance
- Proposals to use the Regulatory Asset Base for small schemes
- Treatment of development gain
- ORR's approach to monitoring the framework
Our detailed views in these four areas are set out in our response to the consultation. We support the need to keep the arrangements under review, especially in the introductory phase, and believe that the ORR should be prepared to take timely action to change elements of the framework where they are found not to be working as intended. Our view is that the area is still volatile and needs further fine tuning if the objective of improved third-party investment is to be achieved.
