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The management of British Rail strongly advocated privatisation as one entity, a British Rail plc in effect; Cabinet Minister John Redwood "argued for regional companies in charge of track and trains" but Prime Minister John Major did not back his view; [33] the Treasury, under the influence of the Adam Smith Institute think tank advocated the ...
British Rail Research (1996) British Rail Telecommunications (1995) European Passenger Services (1996) Railtrack (1996) (18 October 2002 went into voluntary liquidation), now in public ownership as Network Rail; Red Star Parcels (1995) Union Railways (1996) British Technology Group (1992) Building Research Establishment (1997) Cardiff Airport ...
British Rail was privatised between 1994 and 1997, involving the transfer to a series of private-sector operators of responsibility for the provision of services under contract. In all, more than 100 companies took over from British Rail .
Overall, fare increases have been at a significantly slower rate than under British Rail (BR). [citation needed] [disputed – discuss] According to the Global Railway Review, the average annual real-terms increase between 1996 and 2011 was 1.3%, compared to 2.2% during the last 15 years of British Rail [12] [better source needed]. So far as ...
1994–1997 – Privatisation of British Rail. The British government passes ownership of track and infrastructure to Railtrack on 1 April 1994 (replaced by Network Rail in 2002), with passenger operations later franchised to 25 individual private-sector operators, and freight services sold outright.
British Railways (BR), which from 1965 traded as British Rail, was a state-owned company that operated most rail transport in Great Britain from 1948 to 1997. Originally a trading brand of the Railway Executive of the British Transport Commission, it became an independent statutory corporation in January 1963, when it was formally renamed the British Railways Board.
1 January- The Missouri Pacific Railway is merged (officially) into the Union Pacific Railroad 15 years after being purchased by the company in 1982.; 5 January – Further British train operating companies begin operation of their passenger service franchises as part of the privatisation of British Rail: Anglia Railways (GB Railways); Great Eastern (); Virgin CrossCountry (Virgin Rail Group ...
Maine is without rail passenger connections to the remainder of the United States until Amtrak initiates Downeaster service between Portland and Boston in December 2001. January 4 – British Railways adopts a new corporate identity including the name British Rail and the 'double arrow' symbol.