Network Rail: Making a Fresh Start: Twenty-eighth Report of Session 2004-05; Report, Together with Formal Minutes, Oral and Written EvidenceThe Stationery Office, 7 jul 2005 - 38 pagina's The Committee took evidence from the Department for Transport, and the Strategic Rail Authority on the establishment of Network Rail in place of Railtrack and the subsequent review of the rail industry. The report considers the issues raised in the NAO report (HC 532, Session 2003-04) and how they have been addressed by the subsequent White Paper. There are five main conclusions: the Department will need to set strategy more effectively than was done by the SRA; the Department needs to recruit staff capable of dealing with the highest levels of the railway industry; Network Rail should develop long term financial indicators to show it is meeting objectives in a cost effective way; the Department should establish effective oversight of the risks associated with Network Rail's financial liabilities; the Government should justify the extra cost of private finance rather than conventional public funding for Network Rail. |
Veelvoorkomende woorden en zinsdelen
2004 Department 21 billion Allan Angela Browning Armitt asset base asset condition Authority and Network Bacon bonus bonuses borrowing C&AG's Report Chairman Committee of Public Curry debt decision delay minutes deliver Department for Transport Deutsche Bahn ensure executives expenditure Figure finance arrangements financial efficiency funds Future of Rail Gerry Steinberg Government happened Hatfield improve industry infrastructure issue Jenkins John Armitt Jon Cruddas Jon Trickett Limited by Guarantee long term look at paragraph maintenance and renewal Management Incentive Plan McAllister million MP Labour National Audit Office Network Rail percentage of trains performance priorities private company private sector company privatisation programme Public Accounts put in place question Rail Regulator Railtrack regime regulatory settlement Remuneration Committee responsibility Richard Bowker risk shareholders spending Steinberg Strategic Rail Authority structure targets taxpayer things track access charges train operating companies White Paper Williams