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Rail subsidies vary in both size and how they are distributed, with some countries funding the infrastructure and others funding trains and their operators, while others have a mixture of both. Subsidies can be used for either investment in upgrades and new lines, or to keep lines running that create economic growth.
GB rail subsidy 1985–2019 in 2018 prices, showing a short decline after privatisation, followed by a steep rise following the Hatfield crash in 2000 then a further increase to fund Crossrail and HS2 [1] The financing of the rail industry in Great Britain is how rail transport in Great Britain is paid for.
The Network Railcard is a discount card introduced in 1986 by British Rail, upon the creation of their Network SouthEast sector in parts of Southern England. The card is intended to encourage leisure travel by rail by offering discounts for adults and accompanying children on a wide range of off-peak fares.
Gatwick Express, the third railway service to be franchised in 1996. Passenger rail franchising in Great Britain is the system of contracting the operation of the passenger services on the railways of Great Britain to private companies, which has been in effect since 1996 and was greatly altered in 2020, with rail franchising being effectively abolished in May 2021.
The "original" Highland Railcard scheme appears to date from 1988, as ticket stock (British Rail form number BR 4599/79) was being printed in that year, [35] but only the details of its subsequent relaunches are known. The first change happened as from 1 October 1991, with a six-month Railcard being priced at £4.00 and giving a 34% discount on ...
Network Rail Ltd. was created with the express purpose of taking over Britain's railway infrastructure control; this was achieved via its purchase of Railtrack plc from Railtrack Group plc for £500 million; Railtrack plc was then renamed and reconstituted as Network Rail Infrastructure Limited. [33] The transaction was completed on 3 October 2002.
In June 2013 NCC commissioned Network Rail to complete a GRIP 1 study to examine the best options for the scheme. [16] NCC received the GRIP 1 study in March 2014 and in June 2015 it commissioned a more detailed GRIP 2 feasibility study at a cost of £850,000.
[66] [67] [68] Network Rail said that there would be significant disruption over at least a five year period. [ 69 ] [ 70 ] However, in an order under the Transport and Works Act 1992 (TWAO) published in March 2021, it was said that work on some of the scheme would extend beyond 2029 i.e. into a later Network Rail Control Periods , CP8. [ 71 ]