The Office of Rail and Road has approved £34.7bn (2017/18 prices) of expenditure by Network Rail in the next five-year regulatory control period (CP6: 2019/20-2023/24). The expenditure is broken down as £31bn for England and Wales and £3.67bn for Scotland. Renewals spend will be £16.6bn, maintenance £7.7bn, operations £3.4bn, support £2.6bn, and ‘other’ £4.3bn. The renewals spend represents a 17 per cent increase on the £14.2bn...
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