This report addresses the following key questions concerning the UK railway engineering market:
How has UK rail infrastructure investment developed in the last five years?
What has been the financial performance of the key players in the UK rail sector’s supply industry in recent years?
What are the key drivers for UK railway investment?
What are Network Rail’s expenditure-plans for Control Period Five?
What is the projected future demand for rolling stock in Great Britain?
Definitions
This report analyses expenditure by the rail sector in both rolling stock and infrastructure investments. As such, the market includes the following sectors:
civil engineering work
track and signalling work, including new routes and new electrification
rolling stock, including eligible refurbishment work
stations, including retail outlet buildings
other expenditure associated with the rail business
All values quoted in this report are at current prices unless otherwise specified.
Some numbers in tables do not add exactly due to rounding.
The term billion is used to refer to one thousand million.
Methodology
Reports are researched and written by MBD’s in-house, specialist business-to-business consultants. Research is based on both an analysis of official information and on original, trade research, providing both a quantitative and qualitative view of the market. MBD’s unique range of frequently updated reports provide an integrated body of ongoing research, enabling deep understanding of the prevailing trends and the drivers of these trends based on trade opinion.
Abbreviations
The following abbreviations appear in this report:
| ATOC | Association of Train Operating Companies |
| BR | British Rail |
| CCTV | Closed Circuit TV |
| CIF | Cost including insurance and freight |
| CP4 | Control Period 4 |
| CP5 | Control Period 5 |
| CPI | Consumer Price Index |
| DfT | Department for Transport |
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Market positioning
The UK rail engineering market addresses the various needs of owners and operators of the UK rail network. Network Rail is nearing the end of CP4, a £37.6 billion programme of expenditure (including operating costs) between April 2009 and March 2014. The Office of Rail Regulation (ORR) has set its final determination for Network Rail’s spending plans for CP5, which runs from April 2014 to March 2019. Network Rail can spend a total of £38.3 billion on the rail network in Great Britain over the next five years. This includes a £24.9 billion allowance for capital expenditure, up from £24 billion in CP4.
