This from The Inchworm...
The new year has seen the publication of some interesting statistics on the costs of Britain's railway.
Eye readers may wish to file these under 'Just Fancy That!'.
- Annual cost of Simon Burn's government chauffeur - £80,000
- 7 day season ticket from Chelmsford to London - £88.50
- Average cap on regulated fares - 4.3%
- Average cap on freight track access charges for CP5 - 23%
- Network Rail's future annual contribution to ORR's costs - £18m
- Network Rail's future annual contribution to RDG's costs - £1.4m
- Expected annual revenue from increased charges for coal trains - £22m
- Transport Committee's estimate of cost of WCML fiasco - 'well in excess of £40m'
McNulty is dead! Long live McNulty!
UPDATE: This from a Dr Calculus...
I wonder if this reflects the biggest disparity in numbers since the 'Victorian Era'?
UPDATE: This from Network Rail...
Inchworm says the difference between our Strategic Business Plan (SBP) and the Statement of Funds Available (SoFA) was £4.9bn, suggesting that there is a funding gap.
This is not the case, although given the complexity of the financing structure, I can understand the error.
We have said we can deliver the plans from the funds available and we will.
The reason the SoFA and SBP are different is they talk about different things.
For instance, the SoFA does NOT include enhancements and the SBP contains £12bn of them. Similarly, the SBP does not include debt servicing, but the SoFA does.
And just to be clear I'm not trying to pull any wool over Inchworm's eyes, even if you build those factors in to the calculations, the SBP still comes out well under the SoFA.
In fact, the SBP is (very roughly) one third ops/maintenance, one third renewals and one third enhancements.
I've done a fag packet calculation and I still can't reach a £4.9bn gap, even theoretically.
For more information I commend you to pages 80 to 83 in the Strategic Business Plan.
UPDATE: Inchworm responds:
These numbers come from p58 of the same document (bottom para, summary):
This quotes the SoFA as £28.5bn and the SBP costing £33.4bn, hence the gap of £4.9bn.