- Network Rail regulation
Network Rail regulation
Network Rail is the private sector monopoly owner and operator of the national rail network, including track, signalling, bridges, tunnels and stations. Our principal economic function is to regulate Network Rail's stewardship of the national rail network.
Network Rail operates under a network licence. This licence contains a set of conditions under which Network Rail must operate. Network Rail is also accountable under its licence and Network Rail's accountability pages set out further details about this. Key areas of the licence include:
The regulatory framework is designed to provide effective incentives, rewarding Network Rail for doing a good job. Where necessary, we may enforce compliance with the network licence if Network Rail fails to fulfill its obligations, and we may also impose monetary penalties.
We set the contractual and financial framework within which Network Rail operates the network, ensuring that the company carries out its activities efficiently and is appropriately funded.
Last updated 13 August 2009
- Monitoring and enforcement of delivery of network rail enhancement projects in Scotland ( PDF 32 Kb).
- Network licence granted to Network Rail - 1 April 2009 ( PDF 258 Kb).
- PR08 - Licence review - consultation on financial conditions, July 2008 ( PDF 338 Kb).
- Review of the Network Rail licence: consultation, June 2008 ( PDF 402 Kb).
- Network Rail's network licence