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Secondary stories: Issue 463 1 Mar 2007

ORR outlines Network Rail's spending need to ministers

The Office of Rail Regulation this week put forward proposals that will amount to real-term cuts in public expenditure on the rail network as it set the ball rolling on the periodic review of Network Rail's revenue requirement and access charges for the period 1 April 2009 to 31 March 2014.

The ORR said this week there was "considerable scope for further improvement" in pushing down costs and making efficiency savings. Based upon an assessment of Network Rail's initial strategic...

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