UK infrastructure operator Network Rail has presented a five-year plan for Control Period 7 (CP 7) from 2024 to 2029 worth around €4.9 billion (£4.2 billion), which will see major investment in infrastructure renewal in Scotland. The plan has been prepared in response to the High-Level Output Statement (HLOS) and Statement of Funds Available (SoFA) published by the Scottish Government in February 2023, which stated expectations for Network Rail's performance and the funding available. The plan will see over €2.2 billion invested in infrastructure renewal to improve safety and reliability. The plan also includes measures to reduce the cost of running the railways and fill the revenue gap created by the coronavirus pandemic. The final decision on the implementation and funding of the plan by the UK's Office of Rail and Road (ORR) is expected by 31st October 2023.
