Manufacturing and Engineering Magazine Volume 420 - September 2015 | Page 6

news420.qxp_feature 2 03/08/2015 11:34 Page 4 update Network Rail confirms review of CP5 plan Following decades of under investment, Britain is now investing record amounts in our railway to ensure it remains fit for purpose as well as able to accommodate the record number of trains. Britain now has the safest passenger network in Europe and the railway asset reliability is the best it has ever been, even whilst passenger numbers have doubled in the last 20 years. However, Network Rail faces some stretching targets in Control Period 5 (CP5, 2014-19) and the pace of improvement is behind expectations. Several regulatory targets were missed and following slippages in the major projects portfolio, chief executive Mark Carne has given a frank assessment to the Department of Transport of what will be achievable in the remaining four years. "During my first year in the job I have looked closely at every aspect of our business and it has become clear that Network Rail signed up to highly ambitious fiveyear targets set by the regulator. Based on historic improvements from a low base, we were overly optimistic about the capacity of our company and our supplier base to step up several gears in order to achieve the plan, especially given the complexities of a network that is at full capacity much of the time." Mark Carne, chief executive, Battery-powered train wins industry award Last Friday (26/6), the first battery-powered train to run on Britain’s rail network in more than half a century was recognised with its first industry award, picking up the prize for best “cross industry project” at the 2015 Railway Industry Innovation Awards hosted by Modern Railways at the Marriott Grosvenor Square, London. The Independently Powered Electric Multiple Unit (IPEMU) was recognised as a cross-industry collaboration between RSSB, Network Rail, Abellio Greater Anglia, Bombardier and the Department for Transport, which saw the concept of a batterypowered train successfully trialled over a five-week period in 4 passenger service. News of the award can be found on the Bombardier website. Providing an update on the battery-powered train project since initial trials between Harwich International and Manningtree, Network Rail’s principal engineer James Ambrose added: “We are continuing to rigorously test the IPEMU battery technology at Bombardier's test facility in Mannheim, Germany, and are working very closely with the DfT and our partners, looking at plans for safety and implementation. There’s been global interest in this project and we aim to provide a detailed, technical report at the end of the year.” MANUFACTURING AND ENGINEERING MAGAZINE Network Rail On the big items like electrification and capital projects, it was always part of the regulatory process that the costs and programme would be revisited as projects became properly defined. Unfortunately when these reviews have occurred, the more detailed project costs have been higher than assumed at the earliest stages of definition. As a result, the total enhancement programme cost now exceeds the available five-year budget. Some projects are also delayed beyond the original dates. "I recognise that these delays will cause disappointment for some passengers for which I can only apologise. I welcome the fact that the Transport Secretary has asked Sir Peter Hendy to work with me and my team to develop proposals for re-planning the programme over the next few months." Mark Carne, chief executive, Network Rail Given the change in outlook compared to the regulatory settlement, Network Rail's remuneration committee has decided that no bonuses should be paid to its executive directors for 2014/15. Their bonus entitlement had already been reduced from a maximum of 160% of salary to 20% shortly after Mark Carne joined as chief executive last year. Mr Carne has previously announced that he would forego this year’s bonus.