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Cover of report

Strategic Rail Authority: 2002-2003 Accounts

“I have considered the revised basis of valuing the railway network in the context of my audit of the SRA’s accounts. The approach adopted by the Directors of Network Rail to value the railway infrastructure assets is acceptable under financial reporting standards. It is also consistent with the accounting policies of the SRA and the latter’s requirement to prepare accounts in line with the Accounts Direction issued by the Secretary of State for Transport, including the requirement for the accounts to comply with ‘Executive Non-Departmental Public Bodies: Annual Reports and Accounts Guidance’ issued by HM Treasury.

“The policy is in addition consistent with International Accounting Standards which are planned to be adopted from 2005, whereas the previous basis of valuing the railway network was not consistent with these Standards.”

Published:
6 Feb 2004
Report cover showing traffic monitoring centre

Tackling congestion by making better use of England’s motorways and trunk roads

“Road traffic congestion on our motorways and trunk roads is an enduring problem. I welcome the Highways Agency’s efforts to attack the problem by making better use of our existing roads. In particular, it is aiming to improve roadside information to motorists and to deal more effectively with incidents and accidents.

“I am looking, however, for the Agency to adopt a less risk averse approach. It must not only carry out more effective trials of proposed congestion-reducing measures; but also, if the trials are successful, follow the lead of its overseas counterparts in implementing these technologies more widely on the network.”

Published:
26 Nov 2004
Report cover

Thames House and Vauxhall Cross

Sir John Bourn, the head of the National Audit Office, today presented to Parliament his reports on the purchase, refurbishment and fitting out of buildings for the Security Service and the Secret Intelligence Service. These Reports were produced in 1992 and 1995 as classified reports to Parliament and in accordance with the then arrangements for … Read more

Published:
18 Feb 2000
Report cover, showing modern school interior

The Building Schools for the Future Programme: Renewing the secondary school estate

“Building Schools for the Future is a highly ambitious £55 billion programme. Converting that ambition to reality requires robust planning, close cost control and making a success of complex long-term partnerships. Partnerships for Schools and the Department were too optimistic in their early plans though programme management has since improved. But it remains a real challenge, in difficult market conditions, to deliver the 250 schools a year that will be needed, to include all schools by 2020 as currently planned.”

Published:
12 Feb 2009
Report cover showing a modern train crossing Brunel's 1859 bridge

The Department for Transport – Letting Rail Franchises 2005-2007

“Taxpayers and passengers should benefit from changes made to the franchising process for passenger rail services. The Department for Transport has contracted to save the taxpayer money while improving service quality, but it will need to see that capacity increases are well-managed and timely if passengers are to expect less crowded and more reliable journeys.”

Published:
15 Oct 2008
Cover of failure of Metronet report showing tube train

The Department for Transport: The failure of Metronet

“The Metronet PPP contracts to upgrade the Tube left the DfT without effective means of protecting the taxpayer. Metronet’s failure led to a direct loss to the taxpayer of between £170 million and £410 million. The DfT’s work with the Mayor of London, TfL and London Underground on a long term solution will need to improve governance and risk management in the new arrangements they are intending to put in place to protect the taxpayer.”

Published:
5 Jun 2009