Source - RNS
RNS Number : 0123K
Office of Rail and Road
06 April 2018
 

Office of Rail and Road statement on route-level efficiency benefit sharing (REBS) mechanism payments 2016-17

6 April 2018

We have today published the payments due between Network Rail and the twelve train operators participating in the route-level efficiency benefit sharing mechanism (REBS) for 2016-17. The payments are shown in the table below.

Under the mechanism train operators share some of the rewards or costs of Network Rail's performance against its funding and outputs settlement for Control Period 5 (2014-15 to 2018-19).

Summary of net payments between Network Rail and operators

Operator

Owning Group

Payment from operator to Network Rail (£)

Payment from Network Rail to operator (£)

Chiltern Rail

100% Arriva

-6

 

Arriva Rail North

100% Arriva

-3

 

Virgin East Coast

90% Stagecoach Group plc

10% Virgin

-1,608,503

 

Caledonian Sleeper

100% Serco

-131,710

 

Govia Thameslink Railway

65% Go-Ahead Group plc

35% Keolis

-1,273,156

 

Southeastern

65% Go-Ahead Group plc

35% Keolis

-8,249

 

Eurostar

55% SNCF

30% CDPQ

10% Hermes Infrastructure

5% NMBS/SNCB

-758

 

First Hull Trains

FirstGroup plc

-55,176

 

Total

 

-3,077,561

nil

More detailed information is available at: http://orr.gov.uk/rail/economic-regulation/regulation-of-network-rail/monitoring-performance/efficiency-and-finance-assessment 

Notes:

  1. The Office of Rail and Road (ORR) is the independent safety and economic regulator for Britain's railways and the independent monitor of Highways England. 

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