Source · Select Committees · Transport Committee
Recommendation 13
13
Accepted in Part
Implement ORR's review findings and identify RNEP projects suitable for private sector investment.
Recommendation
The RNEP should also be a tool for promoting rail infrastructure investment from sources other than central government. We urge the Government to implement the findings of the Office of Rail and Road’s review of the Rail Network Investment Framework, and in the next iteration of the RNEP, identify projects where private sector investment would be welcome, or could be decisive. (Recommendation, Paragraph 71)
Government Response Summary
The government supports private investment in rail where it delivers value for money, but will signal opportunities through pipeline publications and structured market engagement rather than using the RNEP as a general prospectus.
Government Response
Accepted in Part
HM Government
Accepted in Part
Partially agree The Government supports the use of private investment in the rail sector where it delivers clear value for money, transfers risk to the parties best placed to manage it and supports innovation and efficient delivery. Rather than using the Rail Network Enhancements Pipeline as a general investment prospectus, the Government will provide clearer and more credible signalling of suitable opportunities through pipeline publications and structured market engagement, consistent with the Rail Network Investment Framework. This approach is intended to attract private capital where it adds fundamental value, while protecting public finances and ensuring effective governance and accountability.