Network Rail investigated after work found to be 77% behind schedule

Company failed to meet targets across the board

Late trains, improvement work behind schedule and missing targets – those are the allegations levelled at Network Rail by regulator the Office of Road and Rail (ORR).

The company, which maintains the rail system has missed its own targets on maintenance and punctuality, in some cases by a wide margin.

  • Only 89.6% of trains were on time, compared to Network Rail’s target of 92.5%
  • Last year, 90% of trains ran on time, down from 90.9% in 2013
  • Work to renew overhead power lines is 77% behind schedule
  • Upgrades to signalling equipment across the country are 63% behind schedule

Network Rail has put aside £77m for fines related to missing targets and has already paid out £24m.

The company blames a £246m cut in funding from the ORR for a 51% drop in pre-tax profits to £506m.



An earlier version of this story referred to Network Rail as “national rail” in one instance.


Rupert Murdoch

Rupert Murdoch is stepping down as CEO of 21st Century Fox

High street bank signs

This is the big problem with the banking industry, according to one banker

Social Bookmarks