LIFE AFTER RAILTRACK

In the UK, Railtrack was declared bankrupt on 7 October 2001, a year after the Hatfield derailment. The reasons for the bankruptcy are outlined. The Government remains willing to spend money on investment and subsidy for the rail system, but private investment will also be needed. The Government has announced that is will replace Railtrack with a company limited by guarantee, that is with no shareholders and no equity capital. Such a company would be modelled on the London Passenger Transport Board, formed in 1933. A strategy based on the recreation of several vertically integrated Railway Companies to run parts of the network has been proposed. Companies would be reviewed every five years in order to adjust contract payments. Freight and cross-country passenger services would exist outside these vertically integrated railway companies.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00268356
• Corporate Authors:

  Ian Allan Publishing, Limited

  Riverdene Business Park, Riverdene Industrial Estate
  Molesey Road
  Walton-on-Tham, Surrey  United Kingdom  KT12 4RG
• Authors:
  • GRANT, S
• Publication Date: 2001-11

Language

• English

Media Info

• Pagination: p. 26-7
• Serial:
  • MODERN RAILWAYS
  • Volume: 58
  • Issue Number: 638
  • Publisher: Ian Allan Publishing, Limited
  • ISSN: 0026-8356

Subject/Index Terms

• TRT Terms: Administration; Carriers; Economic factors; Economics; Freight transportation; Passenger transportation; Public transit; Railroad trains; Railroad transportation; Transportation
• Geographic Terms: United Kingdom
• ITRD Terms: 155: Administration; 263: Economics of transport; 1112: Freight transport; 1146: Passenger transport; 744: Public transport; 1173: Rail bound transport; 1268: Train; 274: Transport operator; 8119: United Kingdom
• Subject Areas: Economics; Transportation (General);

Filing Info

• Accession Number: 00920696
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD
• Created Date: Mar 6 2002 12:00AM