2014 Report details for project: Periodic Review 2013 (HLOS)

Project name: Periodic Review 2013 (HLOS) - there are 4 reports for this project: 2013, 2014, 2015, 2016
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Organisation: DFT (D9) - see all reports for this organisation
Report year: 2014 (data is from Sept 2013)
Category: Infrastructure - see all reports for this category
Description: As part of the Office of Rail Regulation's Periodic Review, Government is required to publish a High Level Output Specification (HLOS), setting out information about what the Secretary of State wants to be achieved by railway activities during Railway Control Period 5 (1 April 2014 to 31 March 2019); and a Statement of Funds available (SoFA), setting out the public funds that are or are likely to become available to secure delivery of the HLOS. This fulfils the statutory obligation required by paragraph 1D(1) of Schedule 4A to the Railways Act 1993 as modified by the Railways Act 2005. As such, this project has been completed. It remains on the GMPP list pending further assurance / review.
DCA (RAG): Amber/Green
DCA text: The independent Office of Rail Regulation has concluded in its October 2013 Final Determination that the rail strategy can be delivered within the budget available. This confirms the rail industry January 2013 response to the HLOS. Work with the industry is now underway to develop the programmes and projects to deliver the infrastructure and train service changes. Network Rail will publish a consultation enhancement plan in mid December 2013. There are still a number of risks that could jeopardise successful delivery which the project and wider rail industry is managing. ORR will independantly review process the PR13 which is anticipated during summer 2014. Further information can be found here: http://www.rail-reg.gov.uk/pr13
Start date: 2011-08-31
End date: 2012-07-31
Schedule text: completed
Baseline: £0.00m
Forecast: £0.00m
Variance: 0.00%
Variance text: n/a
Whole Life Cost: £16,840.61m
WLCost text: The cost to the department of delivering the HLOS programme is the net of the Network Rail Grant (CDEL) and net income the DfT received from Train Operating Companies. The net income is inherently volatile because the Department has contractual arrangement to take on some of the revenue risk. We forecast this on at least a quarterly basis. The reduction in the budget between quarters two of 2012/13 and 13/14 is the result of an increase in the amount of income we expect from Train Operating Companies
Notes1: Periodic Review 2013 (Rail Investment Strategy - HLOS & SOFA)
Sourcefile: IPA_2014.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.