Search results
Results from the WOW.Com Content Network
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.
The railway track and infrastructure is owned and operated by Network Rail, which is regulated by the Office of Rail & Road (ORR). In Great Britain, passenger trains are run under either franchises from the Department for Transport, or on an open access basis; which means their operators have no contract with government.
[63] [64] Network Rail has no shareholders and is a company limited by guarantee, nominally in the private sector but with members instead of shareholders and its borrowing guaranteed by the government. During 2004, Network Rail took back direct control of the maintenance of the track, signalling and overhead lines, although track renewal ...
The law created the Consolidated Rail Corporation (Conrail), a government-owned corporation, which began operations in 1976. Another law, the Railroad Revitalization and Regulatory Reform Act of 1976 (the "4R Act"), provided more specifics for the Conrail acquisitions and set the stage for more comprehensive deregulation of the railroad ...
National Rail should not be confused with Network Rail. National Rail is a brand used to promote passenger railway services, and providing some harmonisation for passengers in ticketing, while Network Rail is the organisation which owns and manages most of the fixed assets of the railway network, including tracks, stations and signals. [1]
Government-owned railway companies (8 C, 93 P) M. ... Network Rail (3 C, 27 P) Government railway authorities of Norway (4 P) R. Rail accident investigators (40 P)
In Northern Ireland, passenger trains are NI/Ireland government-owned by Translink or the National Transport Authority. The following brands are used: Northern Ireland Railways; Enterprise service from Dublin Connolly to Belfast Lanyon Place on the Belfast-Dublin line joint venture between Northern Ireland Railways and Iarnród Éireann.
The new government also confirmed that they would continue with the previous Conservative government's plans to set up Great British Railways, a publicly-owned company that will own and manage most railway infrastructure across Great Britain, taking over from Network Rail. GBR will assume responsibility for passenger services as they return to ...