UK The company that runs Britain’s mainline rail infrastructure has cut operating costs compared with last year, in the first sign that it is on target to meet tough regulatory targets for the five years to 2014.
Network Rail’s operating costs were £142m lower in the six months to September 30 than in the same period of 2008, according to figures released on Thursday. The figures are the first for the company’s present regulatory period, which started on April 1 and during which it has to find a cumulative £4.1bn of efficiency savings compared with 2004-09.
