Network Rail’s £8.8bn spend in first year of CP7 saw decline in payments to SMEs

Network Rail spent £8.8bn with suppliers in its first year of Control Period 7 (CP7), 2024-2029, but small and medium‑sized enterprises (SMEs) saw a decline in payments from CP6 (2019-2024). The post Network Rail’s £8.8bn spend in first year of CP7 saw decline in payments to SMEs appeared first on New Civil Engineer.

Network Rail spend down as CP7 shift bites contractors

Firms warn of inflation squeeze and reprofiled workbanks

Network Rail boss promises ‘smoother’ CP7 funding flow

Network Rail chief executive Sir Andrew Haines has said he expects the second year of the body’s £45bn five-year funding cycle will go “more smoothly”. It comes after industry figures expressed dissatisfaction at the speed in which rail work was flowing through to suppliers. Earlier… The post Network Rail boss promises ‘smoother’ CP7 funding flow appeared first on Construction News.

Speedy Hire latest to be hit by slow CP7 rail spending

Plant-hire firm flags issues with latest Network Rail spending round

Slow spending by Network Rail hits Renew profits

Infrastructure giant reports slow start to £45bn CP7 spending round