An independent report of a study chaired by Sir Roy McNulty and commissioned by the Secretary of State for Transport. The report was jointly sponsored by DfT and ORR (Office of Rail Regulation) to examine the opportunities and barriers to improve the value for money of GB rail for taxpayers, passengers and freight customers.

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• Realising the Potential of GB Rail – Final Independent Report of the Rail Value for Money Study – Summary Report (PDF – 1055 KB)
• Realising the Potential of GB Rail – Final Independent Report of the Rail Value for Money Study – Detailed Report (PDF – 3060 KB)
• Rail value for money study consultants’ reports
• Realising the Potential of GB Rail – Final Independent Report of the Rail Value for Money Study – Summary Report (DOC – 3145 KB)
• Realising the Potential of GB Rail – Final Independent Report of the Rail Value for Money Study – Detailed Report (DOC – 8168 KB)
• Press Notice by the Office of Rail Regulation (ORR) – Efficiency savings the key to substantial rail industry growth (PDF – 20 KB)

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