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Under the Railways Act 1993, the operations of the BRB were broken up and sold off to various parties while various regulatory functions transferred to the newly created office of the Rail Regulator. Ownership of the infrastructure, including the larger stations, passed to the new privately owned company Railtrack , while track maintenance and ...
The privatisation was the result of the Railways Act 1993 and the operations of the British Railways Board (BRB) were broken up and sold off. (Some "non-core" parts of the BRB's operations, such as its hotels, had been sold off by the administration of Margaret Thatcher in the early 1980s.)
In 2013, 20 years after rail privatisation, Secretary of State for Transport Patrick McLoughlin celebrated '20 years of rising investment' and 'of extraordinary growth on our railway' and declared that the only plans of the Opposition are 'opposing competition, letting union bosses call the shots and cutting off private investment'. According ...
The Cincinnati Southern Railway Board, which oversees the railroad, wants to sell the city-owned railroad to Norfolk Southern Corp. for $1.6 billion, instead of continuing to lease the railroad to ...
February 23: The Illinois Central Gulf Railroad, which has sold off most of the former Gulf, Mobile and Ohio Railroad, is renamed Illinois Central Railroad. [27] June 1: The Carolina and Northwestern Railway is merged into parent Southern Railway. June 20: Guilford Transportation Industries subsidiary Delaware and Hudson Railway files for ...
The Railtrack business (and its £7 billion debt) had been sold to Network Rail for £500 million, and the various diversified businesses it had created to seek to protect itself from the loss-making business of running a railway were disposed of to various buyers.
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.
Railway nationalisation is the act of taking rail transport assets into public ownership. Several countries have at different times nationalised part or all of their railway system. Several countries have at different times nationalised part or all of their railway system.