Railtrack's ringfence

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The Independent Online
The rail regulator John Swift told Railtrack that its agreement to build the Channel Tunnel Rail Link would be ringfenced from its core business and would have no bearing on the review he is conducting of its access charges for train operators.

His comments, in the form of a public letter to Railtrack, follow a warning that it would not build the second phase of the link if the charging review was too harsh.