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Railhub Archive
1995-08-08 DoT-001
Department of Transport0
Advertising agency appointed
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 Department of Transport
flotation
privatisation
 
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   Advertising agency appointed
_______________________________________________________________
type Press release
note 248
The Department of Transport and Railtrack have jointly appointed WCRS
(Wight Collins Rutherford Scott) as the advertising agency for the
flotation of Railtrack.
NOTES TO EDITORS
1. Dr Brian Mawhinney, then Secretary of State for Transport,
announced to Parliament on 24 November 1994 the proposed stock market
flotation of Railtrack, the Government-owned organisation
responsible for rail infrastructure (see DOT press notice 452/1994).
He announced that the Government is to privatise Railtrack within the
life of this Parliament. Railtrack is to be sold as a single unit,
by Stock Market flotation.
2. Railtrack was established as a Government-owned company on 1
April 1994. It owns and manages over 10,200 miles of track, with
some 9,000 bridges and viaducts and nearly 1000 tunnels. 2,500
passenger stations, and other property owned by Railtrack, will
generally be leased to private sector operators. Railtrack's
turnover in 1994/95 is expected to approach #2.5 billion, mostly from
track access charges paid by the BR train operating units.
# = pounds sterling
Railhub Archive ::: 1995-08-08 DoT-001
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