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Rail asset conditions to be revealed

Network Rail is to reveal the condition of its infrastructure every year under a new agreement with its regulator.

The Office of Rail Regulation (ORR) said the rail operator would be required to report more detail than ever before during Control Period 5, which runs from 2014 to 2019.

This will include publishing regional asset information annually, including work taking place and the condition of track, bridges and signalling equipment among other assets.

“Network Rail, working with the rail industry, has now embarked on plans to improve the safety, performance and efficiency of Britain’s railways between 2014 and 2019,” said ORR chief executive Richard Price.

“Billions of pounds of funding for these plans have come from governments, taxpayers and customers - as the ORR scrutinises delivery of plans, it is right that the public can monitor progress too.”

Network Rail head of transparency Mark Farrow said: “As the owner and operator of Britain’s railways, Network Rail delivers a vital public service which helps 4M people get where they need to be every day.

“Given the amount of money that taxpayers and the travelling public put into the rail industry, it is important they are able to scrutinise where that money goes and the improvements it helps deliver.”

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