Institution of Mechanical Engineers IMechE

Value for Money Railway: Time for a Change

29 November 2010

This year’s Sir Seymour Biscoe Tritton lecture will provide a progress report on the Rail Value for Money Study, and will discuss some of the key issues which the Rail Value for Money Study has identified.

The rail industry has experienced much change since the mid 1990’s. Its recent performance has been good in many areas, yet railway costs remain a matter of serious concern. Why have the structures set up at privatisation not already delivered the efficiencies required? Will solutions to the costs problem require yet more change?  Is there scope for major cost reductions?  What does the industry need to do to improve its efficiency?

Presented by Sir Roy McNulty, Rail Value for Money Study

Sir Roy McNulty was appointed by the former Secretary of State for Transport in February 2010 as Chairman to lead a special Rail Value for Money Study.

He was previously Chairman of the UK Civil Aviation Authority (CAA), the specialist aviation regulator, a post he held for eight years.  Prior to this he was Chairman of National Air Traffic Services Limited (NATS) from May 1999 to July 2002.  He is a former Chief Executive and latterly Chairman of Short Brothers plc, the Belfast-based aerospace company now part of Bombardier Inc.  Previous posts include Being President of the Society of British Aerospace Companies and Chairman of the former Department of Trade and Industry Aviation Committee.

Sir Roy was appointed as Chairman of Advantage West Midlands in May 2009 and is also Deputy Chairman of the Board of the Olympic Delivery Authority, Chairman of the ILEX Urban Regeneration Company in Northern Ireland, and a non-executive Director of Norbrook Laboratories Limited.

Clips:

Sir Seymour Biscoe Tritton Lecture

: Presented by Sir Roy McNulty

Duration: 90mins