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Network Rail's main customers are the private train operating companies (TOCs), responsible for passenger transport, and freight operating companies (FOCs), who provide train services on the infrastructure that the company owns and maintains. Since 1 September 2014, Network Rail has been classified as a "public sector body". [6] [7]
In 2006, using powers in the Railways Act 2005, the Department for Transport took over most of the functions of the Strategic Rail Authority. The DfT now itself runs competitions for the award of passenger rail franchises, and, once awarded, monitors and enforces the contracts with the private sector franchisees. Franchises specify the ...
Since becoming a public sector body in September 2014, Network Rail borrows directly from government. Additionally government loans have been made to the Greater London Authority and Transport for London to support the building of Crossrail .
Transport for London (TfL) is a local government body responsible for most of the transport network in London, United Kingdom. [2]TfL is the successor organization of the London Passenger Transport Board, which was established in 1933, and several other bodies in the intervening years.
ORR holds Network Rail to account through the network licence which includes conditions relating to its management of the railway network, information provision and safety obligations. ORR is also responsible for setting Network Rail's outputs and funding requirement for each Control Period, including the access charges paid by train and ...
South Western Railway will be the first rail operator to return to public ownership next year, marking a pivotal moment in the long-awaited overhaul of Britain’s railways, the government has ...
The Plan states that GBR will co-operate with devolved administrations, but that those administrations will need to work with GBR to improve consistency across the national network. Under Network Rail, all stations are formally in public hands since 2014, but only 20 (mainly large termini and central stations) are managed directly by it. GBR ...
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