Dawlish railway line could be repaired by army engineers Network Rail says it is in talks with Ministry of Defence but flood damage will close mainline for at least six weeks.
Network Rail to be ‘government body’ adding £30bn to UK national debt ONS says state’s role overseeing company through rail regulator means Network Rail should be considered a public body.
Network Rail of the roads revealed as coalition plans £28bn spree Move is part of George Osborne’s aim to stimulate growth with infrastructure investment but campaigners fear for habitats.
Building Refurbishment London Westwood Leadership Training Centre Refurbishment.
News that Network Rail executives are to receive bonuses, despite missing several modest targets, reveals the incompetence the British public can be persuaded to think they’re happy with Sir David Higgins is a lucky man. He’s the chief executive of Network Rail who, we learned last week, is receiving a £99,082 bonus on top of […]
Train stations set for changes in drive to cut rail suicides Measures being introduced or considered include extra fencing between platforms, ‘trespass bollards’ and closer monitoring.
Figures suggest there will be a record 1.5 billion journeys on the railways this year and more money is needed Network Rail has warned that the smooth running of Britain’s trains will be jeopardised without increased investment to meet demand as passenger numbers and the track operator’s debt continued to grow. Figures suggest there will […]
Rail infrastructure company’s net debt soars due to a rise in capital investment, but profits also rise from £136m to £573m The net debt of Network Rail has soared to more than £28bn, it has been announced. The rail infrastructure company said its net borrowings had risen from £27.2bn at the end of March 2012 […]
Subsidies to the railways since privatisation have increased by about 450% to around £5bn a year (Editorial, 21 August). Fare rises of up to 11% will doubtless contribute to the recently announced £12m-a-year bonus scheme for the top six executives at Network Rail. The coalition is in an ideological trap because any infrastructure problem, such […]
The Commons report on the rate-fixing scandal may not fully explain what went on at the bank, but it is surely right to condemn ‘a prolonged period of extremely weak governance’ The report by Andrew Tyrie’s committee of MPs on the Libor-fixing scandal is a good read, unless you happen to be one of the […]