RAILTRACK HAS lodged an appeal against a Rail Regulator's order that will result in the network manager paying millions of pounds in penalties if it fails to meet its train punctuality targets.
The order, served on the network manager last November, told Railtrack to reduce passenger train delays by 12.7% by March or pay a penalty of £4M for each percentage point below this target. Last year, the network manager achieved a 2% reduction in delays.
Railtrack said it had lodged the appeal because it wished to establish whether the fine was proportionate when compared with other fines. Great Western Trains was fined £1.5M in July for safety breaches that led to the fatal 1997 Southall train crash.