Category Archives: Privatisation

No mandate to privatise

The government knows that full-blooded privatisation of Network Rail would be politically unacceptable. That option was considered but rejected by the Shaw Report but it now looks like partial privatisation is being ushered through the back door. Continue reading No mandate to privatise

Shaw report rejects full bloodied privatisation but welcomes private capital

The long expected Shaw report –The future shape and financing of Network Rail – has finally been released and partially allays fears about large scale privatisation; but it argues that alternative sources of finance need to be found. Shaw also calls for greater rail devolution and for a new Northern route to serve the north of England. Continue reading Shaw report rejects full bloodied privatisation but welcomes private capital

Government may privatise major stations

The government is considering selling some or all of Network Rail’s 18 managed stations. Following business press reports that US bank Citigroup – which specialises in divestments – had been brought in to advise the DfT, Clair Perry, a Parliamentary Under Secretary of State for Transport issued the following statement (in response to a written parliamentary question) on 26 February: Continue reading Government may privatise major stations