London St Pancras Highspeed charges fall as ORR predicts fewer renewals

London St Pancras Highspeed (formerly known as HS1) moves into its fourth five-year Control Period on April 1, with charges to operators falling by almost 8%. This means it will receive charges from train operators of £833.7 million in CP4 (2025-30) compared with £905.5m in CP3 (2020-25), according to the Office of Rail and Road’s final determination (RAIL 1028).

ORR explains that the decrease relates mainly to London St Pancras Highspeed’s reduced renewals spending over a projected 40-year period. The figure sits below the firm's revised claim of £858.5m.