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      "text": "ORR/ATOC/Network Rail. Rail industry cost and revenue sharing.",
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      "text": "NR devolution implemented in CP4 (NR has already announced its intention to implement devolution)",
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      "text": "Introduces indirect competition between Regional IMs through comparative regulation. This, together with the publication of a range of KPIs (financial and non-financial) on their performance, greatly strengthens their incentives to seek continuous improvement",
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      "text": "10 – Implementation: Horizontal separation of Network Rail is an essential enabler of all of the cost and revenue sharing options (2 of 2)",
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