MacGregor to put BR stations up for sale

BRITISH RAIL'S 2,500 stations will be available for sale to commercial developers under privatisation plans to be announced by John MacGregor, Secretary of State for Transport, in a White Paper this week.

Commercial buyers, ranging from property developers to BAA, which runs Britain's airports, would be able to purchase stations - worth up to an estimated pounds 10bn in total - and use the sites for hotel, office, shopping and leisure complexes.

The track, platform and terminal facilities would then be leased to back to BR or to the new franchise operators under the rail privatisation programme.

The White Paper will ensure that statutory provision is made to protect rail facilities at stations which are sold. Ministers also recognise that, given the current state of the commercial property market, there is unlikely to be an immediate rush to buy.

But they are anxious to establish the principle that stations, which they regard as significantly under-used assets could be turned over to fuller commercial use. BAA has already signified interest in Paddington, as well as new stations serving its airports.

The White Paper will also propose the establishment of a new rail regulatory body to oversee the privatised rail services and stations and ensure fair competition between BR and private sector rail franchise operations.

The White Paper was approved at last Thursday's Cabinet meeting which brought to an end a lengthy period of inter-departmental wrangling which resulted in detailed proposals being delayed until after the election. Malcolm Rifkind, Mr MacGregor's predecessor, had orginally been expected to produce a White Paper well before polling day.

Franchise holders will be able to set their own prices, timetables and service standards. But the rail privatisation bill, which is expected to go through the Commons in the 1992-3 parliamentary session, will ensure the companies have to meet approved performance standards.

Start your day with The Independent, sign up for daily news emails
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksA special investigation by Andy McSmith
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Software Developer

£30000 - £40000 per annum: Recruitment Genius: A Software Developer is require...

Recruitment Genius: Logistics Supervisor

£24000 - £27000 per annum: Recruitment Genius: The largest supplier to the UK'...

Recruitment Genius: Graduate / Junior Software Developer

£24000 - £30000 per annum: Recruitment Genius: A Graduate/Junior Software Deve...

Recruitment Genius: Retail Store Sales Executive

£15000 - £20000 per annum: Recruitment Genius: An experienced Sales Executive ...

Day In a Page

Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn