Network Rail faces tighter controls under plans to be unveiled by the regulator this week. The heavily criticised infrastructure company will be told to cut costs and get a stronger grip on the country's track and signalling system (link below.)
http://www.rmtbristol.org.uk/2008/02/tighter_controls_on_network_ra.html#more

Senior executives will also find their bonuses under threat when the Office of Rail Regulation unveils its proposals. Although the regulator cannot set the bonuses directly, it can influence them by setting the conditions of Network Rail's operating licence.

If the company fails to meet them, Network Rail's remuneration committee has to cut the bonuses. Last year John Armitt, the outgoing chief executive was paid an additional £88,740. Iain Coucher his deputy - and now successor - received £79,220.

The ORR will tell Network Rail this week its promise of 19pc efficiency savings over the next five years is inadequate and it will be set a far tougher target of 25pc in its £5bn annual budget. The ORR will also set a new benchmark for the "stewardship" of the country's track and signalling system, making it clear Network Rail will be held in breach of its licence if it fails to meet them.

There are also plans for a far stricter regime for the management of major projects.