Network Rail has been set tough new punctuality targets for the next five years by rail regulators.
In its final draft of 2014-2019 rail funding, the Office of Rail Regulation (ORR) confirmed 90% of local trains must run on time.
Network Rail must also improve reliability for long-distance services, while making savings of £1.7bn.
The ORR also increased funding by £32m to close around 500 level crossings and improve safety at hundreds more.
The 90% punctuality target includes trains in London, south-east England and Scottish services.
On long-distance routes, First Great Western must run 90% of trains on time while a target of 88% has been set for the two main London to Scotland routes - the East Coast and West Coast main lines.
'Higher-performing' railwayIn total, Network Rail will receive more than £21bn over the next five years to fund the day-to-day running of the rail network.
The savings require Network Rail to bring down the cost of running the network by around 20%,
Network Rail has until 7 February 2014 to respond in detail and accept or reject the ORR's determination.
Many of the targets were included in the ORR's draft determination in June.
But in the final draft there is a greater focus on late running trains and cancellations on the East and West Coast main lines.
The ORR said that, on long-distance journeys, passengers were less concerned about services being a few minutes late than trains being severely late or cancelled.
On East and West Coast main lines there are normally around 9,000 trains a year more than 30 minutes late or cancelled and the ORR wants that figure cut by half.
Another difference from June's draft is the increased funding to improve level crossing safety, bringing it up to a total of £109m.
The extra funding comes a short time after the House of Commons Transport Committee heard about concerns over level crossing safety from the parents of Olivia Bazlinton, 14, who, with her friend Charlotte Thompson, was killed at a crossing at Elsenham in Essex in December 2005.
ORR chief executive Richard Price said it expected Network Rail to "build on past successes" to meet the new challenges it had set.
"This plan for Britain's railways between 2014 and 2019 - informed by the public, consumer groups, governments and the industry - requires a safer, higher-performing and more efficient railway.
"More level crossings will be upgraded or closed; passengers will enjoy better punctuality and suffer fewer cancellations; customers should have a say in shaping billions of pounds of new investment on the network; and the company will continue to bring down the day-to-day costs of running the railways."
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