Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Network Rail back in the black

Network Rail today announced a £740M pre-tax profit for the six months to 30 September, compared with a pre-tax loss of £108M in the same period last year.
This year's profit was achieved mainly through increasing revenue from £1.9bn last year to £2.884bn. Track access charges to train operating companies have increased substantially in the last year.Capital expenditure was up by a modest £92M to £1.5bn.But the company said it had managed to slash more than £1bn from its operating costs, in line with regulatory demands.The Office of Rail Regulation wants to see a 31% reduction in costs over five-years.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.