The burden of Network Rail's £28bn debt pile means that 13 per cent of the cost of running the railways is taken up in loan repayments, according to the industry regulator.
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Sunday 31 July 2011
Richard Price, the new rail regulation boss, has blocked Network Rail's £15.6m long-term management incentive proposals as he looks to overhaul the track operator's controversial bonus culture.
Sunday 24 July 2011
The Government is steaming ahead with plans for the controversial high-speed railway between London and Birmingham despite fierce opposition across the country.
Wednesday 20 July 2011
Network Rail has started consulting on plans to drastically reduce the number of signal workers and signal boxes as part of a modernisation programme aimed at saving £250 million a year and improving punctuality.
Thursday 14 July 2011
Network rail is upgrading the Great Western rail route promising a boost to towns economies and shorter commuting times for passengers.
Friday 08 July 2011
Special rail fares for London 2012 Olympic spectators went on sale today.
Wednesday 06 July 2011
Planes, trains and automobiles: well, two out of three so far for Tom Kelly who, we hear, is off to Network Rail as director of communications.
Monday 27 June 2011
Today's high temperatures led to speed restrictions on a busy rail commuter route.
Monday 20 June 2011
A Commons Select Committee inquiring into the Government's HS2 high-speed rail project has commissioned an independent review into the £32 billion scheme rather than just rely on written and verbal evidence, it was announced tonight.
Tuesday 14 June 2011
Monday 13 June 2011
Train travellers, who sometimes feel their journeys are by cattle class, have been given a new excuse for delays - cows on the line.
Saturday 11 June 2011
A rail company is to review its treatment of passengers after thousands of commuters were stranded on trains for hours after vandals damaged a signal cable.
Friday 10 June 2011
A rail company today announced it will review its response to massive disruption to services after thousands of passengers were stranded for hours and a heavily pregnant woman joined a group who got off a train and walked along tracks.
Friday 10 June 2011
Thursday 09 June 2011
Network Rail said it had continued to make "steady progress" in reducing its costs when it announced increased profits today, adding that it was on target to achieve "challenging" efficiency savings.
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