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Regulation 13 Infrastructure costs and accounts

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The Office of Rail Regulation through the access charges review or, in the case of a rail link facility, the Secretary of State through the development agreement, must lay down conditions, including where appropriate advance payments, to ensure that, under normal business conditions and over a reasonable time period, the accounts of an infrastructure manager shall at least balance—

(a)

income from infrastructure charges;

(b)

surpluses from other commercial activities; and

(c)

public funds,

with infrastructure expenditure.

(2)

The infrastructure manager must, with due regard to safety and to maintaining and improving the quality of the infrastructure service, be provided with incentives to reduce the costs of provision of infrastructure and the level of access charges.

(3)

It shall be the responsibility of the Office of Rail Regulation through the access charges review or, in the case of a rail link facility, the Secretary of State through the development agreement, to ensure that the requirements set out in paragraph (2) are implemented.