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<p>The incoming Chair of Network Rail will receive £500,000 for four days work per
week in the first two years of appointment and then £300,000 for a minimum two-day
week during the next two years. This is comparable to the pay of the incumbent Chair
on a pro-rata basis. This is a contract for services and not a contract of employment.
There will be no pension benefit and no bonus. In total the incoming Chair’s pay will
be less than his overall salary package at Transport for London.</p><p> </p><p> </p><p>
</p><p>The role of Chair at Network Rail is a very significant leadership and delivery
role. It comes with the challenge of recommending proposals for re-profiling the enhancements
programme and taking clear responsibility for delivering it, at a time of strong passenger
growth on the operational railway.</p><p> </p>
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