The Office of Rail and Road (ORR) publishes its financial report

Today The Office of Rail and Road (ORR) published its financial report showing how the railway was funded in 2017-18 and how that money was spent. The data shows that in 2017-18 the cost of running the railways rose 1.4% to £20.6bn and that overall the industry received 1.3% (£19.4bn) less income than in 2016-17. This is largely because falling passenger numbers meant that income from fares fell 2.4% compared to the previous year.

Other key points raised in the report include:

  • The industry received £19.4bn of income in 2017-18, a 1.3% decrease from 2016-17.
  • The industry spent £20.6bn, a 1.4% increase from 2016-17.
  • Income from fares was £9.8bn, a decrease of 2.4% compared to 2016-17. This is due to a 1.4% fall in passenger journeys.
  • Franchised train operators’ overall costs fell 1.6% to £12.9bn. This is largely because they paid 12.1% less to governments.

Download the full report click here.

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