What is this?
It is the sound of today's broadcast media coverage of the ONS decision on NR debt.
A deep doff of the bowler to Our Ma Sheriff's (and the Davies Commission)!
What is this?
This from the Rail Delivery Group...
“The railway is undergoing one of the biggest programmes of improvement in its history delivering more trains, better stations and faster journeys and this will not change.
“With help from Government, the rail industry will remain focused on delivering its massive investment programme. This is encouraging more passengers and businesses to use the railway, helping pay for further improvements. The effective partnership between public and private sectors is a winning formula for the railway that is delivering for passengers, businesses and taxpayers."
Funny... something is missing!
Where is the obligatory reference to the triumph of privatisation?
This from The Man by the Photocopier...
I note that Network Rail is to become a public sector body.
I have it on the very best authority that this is the new NR logo that will be used from next September.
This from Pedantic of Purley...
Southern is to be commended for its helpful and up-to-date signage at the bottom of the the steps of the overbridge.
This from D9015...
The address for Kelvinhall Subway station, in Dalcross Passage, built into the ground floor of a tenement building and at the rear for good measure, doesn't stop the formulaic specification of these silver soldiers defending the cash-desk against a speeding vehicle attack.
To achieve this would require some impressive driving!
From one end the approach is along an alleyway barely 8 feet wide.
This from the Wicked Weaver...
Progress?
The Fact Compiler's latest encomium published in Passenger Transport on the 6th December...
Compare and contrast...
80% - the decline in Virgin Rail profits due to the ICWC shambles
90% - the Stagecoach share in the new joint venture with Virgin bidding for ICEC
Fancy.
This from a Mr Harris...
Would you mind plugging this splendid tome on your mighty organ?
Toton Engineman is the railway story of the late John Woolley, who started as an engine cleaner at Toton MPD in October 1954. He was 15 years old. John retired from Toton 40 years later in 1994 on the eve of Privatisation.
This from Prof Bunsen Honeydew...
Welcome to Gatwick Airport!
This from @ECMLfan...
One person has become extremely rich in the WCML upgrade as it clearly can be done for just £70!
This from a Mrs Honeyman...
Spotted at the Upper Crust, Oxford on Saturday.
This from Oliver Cromwell...
For some bizarre reason they've decided to install garden sheds on both platforms at Stevenage...
This from the Office for Budget Responsibility - Economic and fiscal outlook, Box 4.2, page 98...
the classification of Network Rail:
Network Rail is currently classified as a private sector body. The ONS is reviewing that classification against the revised guidance in ESA10. Network Rail had £30 billion of debt recorded in its latest accounts, up from £8 billion at formation in 2002. Based on published plans, its operations imply the equivalent of around £3 billion of borrowing a year on average over the coming years. A change of classification could therefore increase PSND by about 2 per cent of GDP and PSNB by 0.2 per cent of GDP on average, with implications for future debt;
No doubt both TfL and Scotland are looking forward to managing, maintaining and upgrading their devolved railway assets?
This via @NetworkRailPad...
The Great Western Railway Band performs at Paddington Station every
Friday between Easter and Christmas. The concerts start at 19.30 every
week, finishing at 21.00hrs.
Accompanied by band mascot Patch the
dog, the GWR Band delights passengers at Network Rail managed
Paddington Station with a different playlist each Friday
Good effort.
Good news for fans of the bleedin' obvious!
This searing insight from an ORR press release issued today:
Richard Price, Chief Executive of the Office of Rail Regulation (ORR), today gave a keynote speech at the Future of Rail Conference in London.
He said: “Spending the right amount of money, in the right place, at the right time, will reduce delays, bring down costs and secure a safe and sustainable railway now, and for the future.”
Who'd have thunk it?
This from Ithuriel...
The Invitations to Tender for the new replacement franchises, sees bidders get brownie points for quality improvements.
One good way to improve quality is to promise new trains, which generates points and, of course, points mean prizes!
But, new trains cost more money.
And the word on the tracks is that DfT is facing the prospect of all the bids for Thameslink Southern Great Northern being of such high quality that they are all unaffordable.
This from the Chancellor's Autumn Statement:
Rail Fares
1.272 To help households with living costs the government will further cap the average increase in regulated rail fares for the 2014 calendar year to RPI. This will benefit over a quarter of a million annual season ticket holders who will, on average in 2014, save £25. For instance, an annual season ticket from Chelmsford to London should be around £35 less in 2014 than it would have been without this change whilst an annual season ticket from Oxford to London should be around £45 less. This measure will complement the decision by the Mayor of London to cap the average increase in Transport for London fares at RPI for 2014.
1.273 Autumn Statement 2013 confirms that the permitted 'flex’ above the overall cap on average rail fares will be reduced to 2%. A commuter with a £2,000 season ticket could save up to £60 because of this measure, in a scenario in which the operator had chosen to apply the maximum permitted increase.
1.274 Autumn Statement 2013 also confirms a trial of flexible rail season ticketing that will take place in the South East. The innovative products being tested will benefit those who work flexibly or part-time.
Hmmm...
Putting aside the challenge of recalculating every fare before tomorrow, this is good news for passengers.
Note that our Chancellor even has a sense of humour - focusing on fares from Chelmsford, the home to erstwhile rail minister and the notoriously train-shy Simon Burns MP.
Greater Anglia colleagues, therefore, will be best placed to advise whether this particular policy innovation has been a success
So. Government intends to sell its 40% stake in Eurostar.
Danny Alexander said the following on BBC Radio 4's Today programme this morning (courtesy of the Guardian):
"We've set out already, we've started to sell off some of the student
loan book, that would be another area, there are assets owned by the London and
Continental Railways, things that a lot of people wouldn't have thought the
state owned in the first place.
"What I'm setting out today is an ambition with some examples of things
we think we could sell. Clearly no final decisions have been made about any of
those assets, but clearly the point is that where government owns assets that
could be better managed in the private sector, could be more efficiently
managed in the private sector and where we can get money in to reinvest in
vital infrastructure projects that get this country moving, that support the
long-term economic growth of this country, they can back up the vote of
confidence that we're seeing from the private sector."
Quite so.
No doubt this announcement came as little surprise to London and Continental, what with government being all joined up and all!
No matter.
Eye expects there will be vast queues of private investors keen to take on LCR's stake in Eurostar... as well as the obligations of the 1987 Rail Usage Contract, which remains in force till 2052:
After
privatisation, Eurostar and English Welsh and Scottish Railway
assumed British Rail's preferences and liabilities under the contract
through 'back-to-back' agreements, which account for 50% of Eurotunnel's
capacity. The contract guarantees a minimum level of income for
Eurotunnel, which helped it meet its liabilities for construction
costs and now also serves as the basis for how access charges
are levied on all railway undertakings using the Channel Tunnel.
Joined up government indeed.
UPDATE: This from Steve Strong...
Well if they do succeed in flogging off the government stake in Eurostar it will save some embarrassment on the East Coast franchise competition.
What with DfT planning to boot off today's state owned operator and possibly replace it with Eurostar, which is errr... another state owned operator!