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UK rail regulator Office of Rail and Road (ORR) has urged Network Rail to invest an additional £1bn to replace its outdated railway tracks and assets over the next five years. The move would bring the total renewals budget across Britain to £18bn.

The call was made in response to Network Rail’s recently announced five-year plan, the Control Period 6 (CP6), which aims to spend more than £34bn by 2024.

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