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1999-11-04 ORR-001
Office of the Rail Regulator

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Railtrack’s Interim Results


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Office of the Rail Regulator
ORR



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Office of the Rail Regulator

Railtrack’s Interim Results
_______________________________________________________________


date
4 November 1999
source Office of the Rail Regulator
type Press release

note ORR/99/47


Commenting on today’s announcement by Railtrack of its interim results which show half year pretax profits of £236m, the Rail Regulator, Tom Winsor, said: "The level of revenues and profits is a matter for the periodic review and I will be issuing my provisional conclusions next month.

"However, I must emphasize that it is the Regulator who decides what the level of access charges should be and what Railtrack should deliver for those charges

"On Railtrack’s performance so far this year, I am hopeful that my publication of a draft enforcement order has had the desired effect and that their achievements will be mirrored in no penalty payments being paid."


Railhub Archive ::: 1999-11-04 ORR-001





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