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  "documentTitle": "Rail industry cost and revenue sharing (2011)",
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  "authorName": "L.E.K.",
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  "notes": "The slide clarifies that the study assumes no radical changes to the roles of train operators or Network Rail.",
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      "text": "The spirit of these assumptions is that there are no radical changes to the nature of either train operators or Network Rail.",
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      "text": "The existing track access arrangements remain in place, including charging (except charges that are used as a basis for implementing sharing), network code, possessions and performance regimes\nA key exception to this is the 'no net loss, no net gain' provision in franchise agreements, the relaxation or amendment is key to cost/revenue sharing and needs to be considered as part of the study\nThe primary accountabilities of train operators and Network Rail remain unchanged\nThe sharing mechanism effectively 'sits on top of this' so that each party shares in the other's performance\nLonger term (15 year) and less tightly specified franchises are in place",
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      "text": "The spirit of these assumptions is that there are no radical changes to the nature of either train operators or Network Rail. This is also consistent with the franchising policy statement published by the DfT in January 2011. As such, L.E.K. has assumed for the purposes of this study that there would be no other major changes to the franchising system (e.g. we have assumed that franchises do not become regulated by the ORR in a similar way to NR)",
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      "kind": "source-note",
      "text": "Source: Cost and revenue sharing project ITT\nORR/ATOC/Network Rail. Rail industry cost and revenue sharing.",
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      "text": "The ITT provided a list of assumptions that L.E.K. was required to make for the purposes of the cost and revenue sharing study",
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