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Delay payments cost Network Rail £100M

Network Rail shelled out more than £100M to train operating companies for delays it caused to their services last financial year, it has emerged.

The track operator’s website published data showing that it paid £105.7M more than it received through Schedule 8 compensation in 2014/15.

Schedule 8 payments are made between Network Rail and the companies running trains on its tracks when one party has to compensate the other for causing delays affecting business.

This year’s net payment by Network Rail was down significantly from £194.3M in the previous 12 months and represented its lowest outlay since 2011/12.

Southern – which runs services between London and Sussex, Surrey, Kent and Hampshire – was paid the most at £28.5M in 2014/15.

First Great Western was next, receiving £18.8M. Only C2C and East Coast made net payments to Network Rail over the year.

Network Rail was fined £2M earlier this month for breaching the terms of its licence by failing to meet punctuality targets.

The fine was the latest in a catalogue of problems for the operator, whose top bosses have been told they will not receive bonuses for last financial year. Recent months have seen enhancement milestones missedlarge projects overrun and major works suspended.

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