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<p>Between 2004-14 Network Rail achieved a cumulative improvement in efficiency of
around 35-40% on operating, maintaining and renewing its network, as shown in Office
of Rail and Road’s (ORR) Efficiency and Financial Assessments published for Control
Periods 3 and 4. The ORR set Network Rail a challenging target of making efficiencies
on top of those already achieved of 19.4% for the period 2014-19 (Control Period 5).
The evidence base for this target included the McNulty Report as well as a significant
amount of top-down benchmarking, bottom-up analysis and studies.</p><p> </p><p> </p><p>
</p><p>On train services, this Government is focused on maximising value for money
for taxpayers and rail users. Since the relaunch of the franchising programme in 2013,
each franchise has been subject to a detailed process of scrutiny, ensuring both that
the benefits for taxpayers are realised and that the process maximises efficiencies.
The success of the process in securing efficiencies of the type envisaged by McNulty
is demonstrated by every successful bid achieving a better price than was originally
envisaged by the Department, with consequential considerable benefits for the taxpayer.</p><p>
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