Warwick Business School Forum

Iain Coucher3 November 2008

The future challenges

Efficiency

Earlier

Later

Weekends

Bank Holidays

OPENFOR BUSINESS

Availability

90%

92.6%92%91%

Performance

Investment

The Performance Challenge

90.5%89.9%

88.1%

86.4%

83.6%

81.2%

79.2%78.0%

79.1%

87.8%87.9%

89.7%89.8%

86.6%86.6%87.4%

86.7%

1992-3 1993-4 1994-5 1995-6 1996-7 1997-8 1998-9 1999-2000

2000-1 2001-2 2002-3 2003-4 2004-5 2005-6 2006-7 2007-8 2008-9(P6)

BR Railtrack Railtrack / Network Rail

Network Rail Current Year

Great Britain rail punctuality... better than BR …better than Railtrack

Great Britain rail punctuality

Period 6 (92.4% )Pre-Hatfield MAA

(86.1% )

Network Rail Takes Over (78.6% )

Current MAA (90.5% )

55%

60%

65%

70%

75%

80%

85%

90%

95%

00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09Financial Year

% o

f Tra

ins

Ach

ievi

ng P

PM

Period Result MAA

Numbers of trains…

• At privatisation… 14,000 trains per day…• 2002… 17,000 trains per day…• 2008… 24,000 trains per day…

… and they keep going up!

• Daily passenger services

Today Dec 2008Weekday 19,991 20,898Saturday 18,109 19,286Sunday 9,738 10,694

The Availability Challenge

There are only 24 hours in a day!

…and only 365 days a year!

And trains run all day and all night…

• The last train from London KX to Peterborough– Departs 01:36 am– Arrives 03:21 am

• The first train from Peterborough to KX– Departs 03:23 am…

High Speed Track Renewal Systems - Points

High Speed Track Renewal Systems – Ballast

High Speed Bridge Replacment

New ways of doing things

New Materials…

St Austell Footbridge

Standen Hey AccommodationBridge

LauderAquaduct

Modular Stations…

In fact… modular everything!

East Midlands Parkway… 2 October 2008

East Midlands Parkway… 2 October 2008

Open December 2008

The Investment Challenge

The good news!

• Over the next fiveyears we will invest:– £10,800,000,000 renewing

the railway…– £7,612,000,000 enhancing

the railway…– £5,000,000,000 maintaining

the railway…

Growing investment

0

1000

2000

3000

4000

5000

6000

2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14Renewals Enhancements

2003 - 2008 2009 - 2014

Thameslink Programme - £5,500,000,000

Blackfriars Station…

Kings Cross Station…

Birmingham New Street…

Reading Station…

Doing our bit for the Olympics…

Stratford Station

Electrification…

West Coast… Delivery since the overruns

• 31 Mar - ORR states Network Rail plan is deliverable

• Easter Completed to time

• May Day Bank HolidayCompleted to time

• Spring Bank HolidayCompleted to time

• August Bank Holiday Completed to time

November Crewe-Weaver line speeds

• November Rugby Commissioning

• December Milton Keynes

Insert Photo of in

complete Rugby

West Coast… Delivery yet to go…

The Efficiency Challenge

Billions and billions of pounds saved…

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14

Costs down nearly 50% in ten years!

The Future Challenge?

• Passenger numbers up - 40% over last 10 years to 1.3bn journeys a year

• By 2025 many lines will be full up• Strategic review of the case for

building new rail lines across the network

• Five strategic routes being examined,north and west of London:– Chiltern, East Coast, West Coast,

Great Western and Midland mainlines

Planning for new railways

Questions?