Docklands railway will be privatised
Thursday 27 October 1994
The first stage in the process, a franchising of the operation to a private sector company, will take place in 1996, with a full transfer to the private sector seven years later.
As part of the 'private finance initiative', the Government is also seeking tenders to build an extension of the railway from the Isle of Dogs under the Thames to Lewisham.
Answering a written parliamentary question, Mr Gummer said: 'Through privatisation the Government aims to ensure that the DLR will continue to develop as a highly efficient, customer-oriented and market-driven passenger service to Docklands, with reduced dependence on public subsidy.'
Since its completion in the late 1980s the DLR has suffered a series of breakdowns and has struggled to cope with the numbers of passengers.
It was designed in the early 1980s when plans for the Docklands enterprise zone were focused on light industrial buildings, not the high-density office developments that emerged after the intervention of Olympia & York, the property company of the Canadian Reichmann Brothers.
Ever since it opened, evening and weekend services have been disrupted to enable the line to be upgraded to take more traffic.
The inadequacy of the railway is often cited as a reason for the problems offices in Docklands have had in attracting tenants.
- 1 Israel-Gaza conflict: 'When Genocide is Permissible' article removed from The Times of Israel website
- 2 Pope Francis issues top 10 tips for happiness
- 3 Disney heiress Abigail disowns her share of family profits in West Bank company
- 4 The secret report that helps Israel hide facts
- 5 Israel's propaganda machine is finally starting to misfire
Lost portraits of the Somme: 100 images of Tommies posing before they went over the top. Now can you help to identify them?
Israel-Gaza conflict: 'When Genocide is Permissible' article removed from The Times of Israel website
Mystery of the Siberian holes at the end of the world 'solved': Scientists offer explanation
Pope Francis issues top 10 tips for happiness
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
- < Previous
- Next >
iJobs Money & Business
£300 - £350 per day: Orgtel: Financial Analyst, Forecasting, Halifax, Banking,...
£500 per day: Orgtel: Business Architect - Banking - Bristol - £500 per day A...
£200 - £500 per day + competitive: Orgtel: I am currently working on a large p...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...