Speaking at a rail industry event Richard Price identified the following challenges:
- the need for greater transparency on funding flows and costs across the sector.
- assuring delivery of current performance commitments and safety standards during a period of industry change.
- successful delivery of the 2013 periodic review and ensuring that this provides effective incentives across the sector.
- ensuring that industry reform, including Network Rail's devolution and changes to rail franchises, delivers real and lasting benefits to rail users and taxpayers.