11th Jul 2015 08:54
LONDON (Alliance News) - Network Rail, the UK state-funded track operator, could be broken up, with responsibility for maintenance handed to individual train operators, according to plans set out by UK government ministers on Friday, The Times reported.
Under the new system, payment for track operations would be handed to individual train operators, such as London-listed Stagecoach PLC, First Group PLC and Go-Ahead Group PLC, rather than Network Rail, amid concerns over the organisation's performance.
The Times quoted the Treasury saying the change would ensure that the company focused "firmly on the needs of train operators and, through them, passengers".
It quoted one industry insider describing the shake-up as "easily the most significant change" for the railways since the privatisation of British Rail more than 20 years ago.
http://www.thetimes.co.uk/tto/business/industries/transport/article4494646.ece
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