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Railhub Archive
1997-02-20 RTK-010
Railtrack plc

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Network Management Statement – history/background


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Network Management Statement
Network Management Statements



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Railtrack plc

Network Management Statement – history/background
_______________________________________________________________


date
20 February 1997
source Railtrack plc
type Press release



Following the restructuring of the railway industry, Railtrack owns the infrastructure and is responsible for maintenance, repair and renewal of track, stations, signalling and electrical control equipment, as well as being responsible for the enhancement of the network.

Network assets include 32,000 kilometres of track and associated signalling and electrical control equipment which provides a network of more than 16,000 route kilometres, 40,000 bridges, tunnel and viaducts, 9,000 level crossings, 2,500 stations, 90 light maintenance depots and connections to over 1,000 freight terminals.

With the exception of 14 major stations, which are operated by Railtrack, nearly all stations and depots are leased to train operating companies.

Railtrack has the responsibility for managing safety on the network and oversee safety matters relating to contractors, train and station operators. The company formulates and monitors mandatory network-wide safety standards and has established a new Safety Management System, including processes for the acceptance and monitoring of net train company safety arrangements.

Railtrack assumed ownership of Britain's national rail network on 1 April 1994 as a Government-owned company in the public sector. The first priority was to turn the new industry structure into reality.

During 1994 and 1995, inherited assets were assessed to determine the sums needed to be spent to renew them to modern equivalent form. Commercial relationships, economic incentives and fund structures had to be then put in place. Many hundreds of contracts were negotiated.

A new performance measurement system was conceived and implements which provides incentives for performance improvement to all participants in the new industry. It is now demonstrably working to the benefit of the industry's ultimate customers.

The large majority of Railtrack's income comes from access charges which are paid by passenger and freight operating companies in order to run their trains on the network. The structure of the access charges had to be agreed with the government and the Rail Regulator.

Railtrack entered the private sector on 20 May 1996. Privatisation has freed the company from the public sector constraints on spending.

In developing plans for the network, Railtrack will look to take advantage of the latest technological opportunities and of wider European interests, such as providing interoperability of national networks.


Railhub Archive ::: 1997-02-20 RTK-010





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