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29 Jul

Posted at 14:48h in Cost Model, Economic Regulation

High Speed 1 (HS1) is a 109 km high-speed railway linking St Pancras International station in London to the Channel Tunnel. The line is owned by the Department for Transport (DfT) but is operated and maintained by HS1 Company Ltd (under a 30-year concession) which...

29 Jul

Posted at 14:48h in Cost Model, Rail Investment

Network Rail is an arm's length public body of the Department for Transport and, as such, is an asset that needs to be valued in DfT’s accounts. To calculate its financial value, Network Rail has developed a Depreciated Replacement Cost (DRC) model which estimates the...