Rail standards changes to enable £5.5m of benefits for industry

Recent changes to rail standards, including the simplifying of introducing new rolling stock and requirements for more consistent signage, are anticipated to realise around £5.5m of benefits for the rail industry over the next five years.

Standards are produced to guide the industry, often working to help reduce cost and support economic recovery, with the most recent December update from RSSB expected to make significant financial benefits for UK rail.

The RSSB process includes an economic assessment of the change, which demonstrate the more than £5m impact which could be felt by the changing rail standards, and this is viewed as a credible conservative estimate based on the minimum savings industry could make collectively.

Click here for the changes in the most recent RSSB update.