Network Rail Business Plan

Network Rail Business Plan-90
Prior to this he had a wide-ranging career in the rail industry, as Managing Director of South West Trains, and then as Managing Director of the Rail Division for First Group plc.

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Network Rail is reminding the public of the dangers posed by trespassing on the railway after a man who climbed on top of a tunnel overlooking railway lines near St.

Pancras International station, blocking trains between London, Kent and France, was jailed.

The immediate major repairs undertaken across the whole British railway network were estimated to have cost in the order of £580 million and Railtrack had no idea how many more 'Hatfields' were waiting to happen because it had lost considerable in-house engineering skill following the sale or closure of many of the engineering and maintenance functions of British Rail to external companies; nor did the company have any way of assessing the consequence of the speed restrictions it was ordering, which all but brought the railway network to a standstill.

In 2001, Railtrack announced that, despite making a pre-tax profit before exceptional expenses of £199m, the £733m of costs and compensation paid out over the Hatfield crash had plunged Railtrack from profit into a loss of £534m, Network Rail Ltd took over control by buying Railtrack plc, which was in "railway administration", from Railtrack Group plc for £500 million; Railtrack plc was then renamed and reconstituted as Network Rail Infrastructure Ltd. The former company had thus never ceased to exist but continued under another name: for this reason Network Rail Infrastructure Ltd was the defendant in later prosecutions in respect of events which had occurred in the days of Railtrack.

Andrew’s broad experience of rail and transport, and his reputation for relentless delivery and improvement makes him the ideal candidate to carry on with the transformation of Network Rail that has been led by Mark Carne.

Britain’s railways are crucial for Britain’s prosperity: connecting people with jobs, goods with markets, and stimulating new housing and economic growth.

In October 2008, Sir Ian Mc Allister announced that he would not stand for re-election as chairman of Network Rail. He noted that as Network Rail moved to a "new phase in its development" it was appropriate for a new chairman to lead it there.

Many track safety initiatives have been introduced in the time Network Rail has been responsible for this area.

We run 20 of the UK's largest stations while all the others, over 2,500, are run by the country's train operating companies.

Every day, there are more than 4.8 million journeys made in the UK and over 600 freight trains run on the network.


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