Network Rail Third Party Agreement

In order to encourage third-party investment in the network, we have a number of downloads and bidding agreements for extension projects. They have been developed and revised after extensive advice with industry, customers and stakeholders. They are targeted… Increasing the volume and extension of the source of third-party investment in the network is a central theme for Control Period 6 (CP6) and is particularly highlighted in the Secretary of State guidelines for ORR published in July 2017. As part of the 2018 Periodic Review (PR18), we are re-exploring and revising this document to update it and ensure it facilitates and encourages third-party investment to support the UK government`s objective. This process may include an update of the guidelines. This is what is mentioned in our first PR18 consultation paper, published in May 2016. Detailed guidance is under way and will soon be available, both for the asset protection agreement and for the basic asset protection agreements. Providing valuable opportunities for other organizations to invest in businesses and build on rail reduces the burden on taxpayers. Increased competition… Network Rail has developed a number of standard agreements (including asset protection agreements) for projects that make improvements to the railways, either directly on or near the rail network. These models have been approved by the ORR and aim to reduce the need for tedious contract negotiations for each project and to ensure transparency on all necessary payments to Network Rail.

The Investment Framework is a guide and set of presentation agreements that can be used by developers and Network Rail in a variety of scenarios. The use of the sketched process and agreements is not mandatory, but it will greatly shorten the process and help ensure that everyone is familiar with mechanics. The alternative is to develop tailored contractual agreements with Network Rail; This can be better suited to your project needs and your budget. It may also take longer to negotiate and may be more complex. We are changing our working methods to make it easier for third parties to finance, finance and implement rail projects. If Network Rail can provide work on your behalf, it is not always required to use its services. Rail Network is open to competition for many facilities and sites that meet approved risk and delivery criteria and you may find that using your own business or contractor is your preferred choice. However, there are some services that are not subject to compensatory measures and that Network Rail must provide for you.

Non-contestable enforcement elements tend to reflect the importance of protecting rail operations and safety. Network Rail has set up the Rail Fee Fund to cover these costs and potential contractual commitments. It is a closed fund consisting of agreed third-party payments to cover Network Rail`s own costs and possible contingencies for any debts used by Network Rail if necessary. The network fee is specific to the type of agreement reached with the third party (see below); For example, they charge a fee equivalent to 5% of the total cost of services provided under a basic services contract.