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  "documentTitle": "Rail industry cost and revenue sharing (2011)",
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      "text": "There would be significant risk of gaming by TOCs through their approach to cost accounting (e.g. inclusion of more group costs in franchise P&Ls)",
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      "text": "ORR/ATOC/Network Rail. Rail industry cost and revenue sharing. 104",
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      "text": "A full scope cost and revenue sharing mechanism would include both outperformance and underperformance of both NR and train operator revenue and cost",
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      "text": "As such, most of the evaluation commentary for Option 1, Regional EBS (symmetrical), would also apply to the full scope option",
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      "text": "The TOC revenue component of the full scope option is slightly different to Option 3, NR shares TOC revenue. The full scope option would include NR sharing out/underperformance versus a baseline rather than NR sharing total TOC revenue - this would be necessary to make this component of the full scope option consistent with the other components of the mechanism. However, making this technical change in the way the TOC revenue sharing mechanism operates does not materially alter the points made in the evaluation of Option 3",
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