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GEaston · 07-06-2013, 20:50

Not correct Stan. The infrastructure is all owned by Network Rail which is a not for profit company setup without shareholders. https://en.wikipedia.org/wiki/Network_Rail

It runs the railway based on its financial needs alone, and no one makes a penny out of it. Under this structure the govt gets to order it about but doesn't have any direct liability (financial or otherwise).

The rail operators bid to run lines and pay the government for their franchises. As we saw on the East Coast if their projections or promised standards are not met they lose their franchise and the govt takes over.

07-06-2013, 20:50	#52
GEaston Full Member Join Date: Mar 2013 Posts: 198 Liked: 46 times Rep Power: 62	the railways Not correct Stan. The infrastructure is all owned by Network Rail which is a not for profit company setup without shareholders. https://en.wikipedia.org/wiki/Network_Rail It runs the railway based on its financial needs alone, and no one makes a penny out of it. Under this structure the govt gets to order it about but doesn't have any direct liability (financial or otherwise). The rail operators bid to run lines and pay the government for their franchises. As we saw on the East Coast if their projections or promised standards are not met they lose their franchise and the govt takes over.