Private-sector rail plan under consideration
Tuesday 20 April 1993
Roger Freeman, Minister for Public Transport, said yesterday that he was trying to find the right formula to pursue an offer by a group of three companies - GEC Alsthom, Balfour Beatty and Trafalgar House - to upgrade the line between London Euston and Glasgow which is in a poor state of repair.
Last summer, British Rail had to shelve plans to spend pounds 800m on trains and improvements to the track and signalling because of a shortage of cash.
The consortium approached the Government after last year's Autumn Statement in which the Chancellor said that he was keen to attract private sector money into infrastructure projects. The plan involves the consortium spending pounds 400m to improve the line. It would recoup its investment by charging for use of the line.
Mr Freeman said the plans were at an early stage and two criteria would have to be met: 'There would have to be competition; we couldn't just negotiate with one consortium. And some of the risk would have to be passed on to the private sector.'
He said they could charge by the train, or by passenger and ton of freight. He accepted that fares might have to rise to pay for the investment.
Look beyond the usual shows for the best festive telly
newsFormer soldier taped 33 of the animals to the floor and then stamped on them one by one
Michelle Nijhuis' daughter insists (s)he is, and she learnt a valuable lesson on gender in books
Sun will 'flip upside down' within weeks, says Nasa
Robin Thicke named sexist of the year 2013
Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
Paul Walker death caused by speed alone
Apollo Theatre collapse: Scores injured after ceiling collapses in London's West End
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Tom Daley ‘is gay because his father died’ says UK evangelist
Iain Duncan Smith leaves Commons food banks debate early
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
PM denies two child limit for benefits is part of Tory welfare policy
Anachronistic and iniquitous, grammar schools are a blot on the British education system
- 1 North Koreans are gasping for the truth: Let's give it to them
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Christmas comes early: Justin Bieber is 'retiring from music'
- 4 Burglar steals video tapes of child abuse, hands them into police
- 5 Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
- < Previous
- Next >
£54000 - £55000 per annum + Benefits: Flight Centre Limited: Flight Centre Glo...
£31000 - £43000 per annum: Capita Education Resourcing Permanent Team: This se...
£27000 - £27500 per annum + Benefits: Flight Centre Limited: Flight Centre Glo...
£22000 - £38000 per annum: Capita Education Resourcing Permanent Team: This se...