THE Office of Rail and Road has announced that railway funding for Control Period 7, which runs from April 2024 to March 2029, will total £43.1 billion. This comprises £38.5 billion for England and Wales and £4.6 billion for Scotland.
The total is not significantly different from the previous five-year period (CP6, April 2019 to March 2024), but there is a change of emphasis for renewals and contingencies as a result of climate change.
Income from fixed and variable track access charges is calculated at £10.6 billion and, taking into account the net effect of the performance regime and recovery of the cost of
