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2001-02-14 SRA-001
Strategic Rail Authority

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Railtrack cost increase forces East Coast Main Line review


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East Coast Main Line
franchises
franchising



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Strategic Rail Authority

Railtrack cost increase forces East Coast Main Line review
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2001-02-14 Statement re East Coast Main Line (Railtrack plc)

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date
14 February 2001
source Strategic Rail Authority
type Press release



The Strategic Rail Authority (SRA) has been informed by Railtrack of an
increase in its cost estimates for the long-planned upgrade of the East Coast
Main Line. This line, on which the main inter-city express franchise (currently
held by GNER until April 24, 2003) is up for replacement, has come to suffer
from severe capacity constraints as traffic has grown rapidly since
privatisation. Upgrading the ECML has been accepted by all parties as a
priority for some time and Railtrack has had a substantial design team
working on it for nearly three years.

Mike Grant, Chief Executive of the SRA said:

"We are examining with Railtrack the details of these cost increases which
could range between 20% and, if specific provisions for contingencies are
included, nearly 100%. We have been asked by the Deputy Prime Minister to
advise him urgently of the reasons behind this rapid increase in costs.

Obviously, this new information must now generate a pause in the
refranchising process for the East Coast Main Line while we review the
contents and causes of this increase from Railtrack. We have informed GNER
and Virgin/Stagecoach."


Railhub Archive ::: 2001-02-14 SRA-001





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