Bondholder Resonate has been involved in the new Traffic Management system on the Great Western Railway, which will boost performance on train journeys between London Paddington and Bristol Parkway.
The Luminate Traffic Management System could see reactionary delays reduced by up to 15%.
The project to deploy the system has already commenced and once finished in June 2018, the trial will run for a year until 2019.
Network Rail and Resonate have agreed an innovative and ground-breaking way to finance the project so the cost to Network Rail and the taxpayer is minimal and the financial benefits will be shared.
David Waboso, Group Managing Director for Digital Railway said: “Thousands of passengers will benefit from the introduction of this cutting edge technology that could reduce train delays by up to 15% on the main lines out of London Paddington.
“I’m delighted to be working with Resonate on this project to improve performance on the Great Western Railway. The last remaining British signalling company, they have a stellar track record and will undoubtedly be a great partner to implement this trial by early summer 2018.”
Anna Ince, Chief Executive Officer at Resonate, said: “Digital Railway’s enlightened and open collaborative approach to Early Contractor Involvement was the catalyst for our proposal. Understanding the outcomes required, as well as the business case, enabled us to make a ground breaking commercial offer.
“We are delighted that our digital platform, developed in the UK, will be used on this busy and complex route to reduce train delays. We look forward to continuing to work closely with Digital Railway and the Western Route to improve passenger journeys.”