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2001-07-05 DTR-002
Department of Transport, Local Government and the Regions

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Meeting with John Robinson


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Railtrack



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Department of Transport, Local Government and the Regions

Meeting with John Robinson
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date
5 July 2001
source Department of Transport, Local Government and the Regions
type Minutes



RESTRICTED
OFFICE OF THE SECRETARY OF STATE
FROM THE PRIVATE SECRETARY

Eland House

05 July 2001

PS I John Spellar

cc: PS I David Jamieson
PS I Sir Richard Mottram
David Rowlands
Bob Linnard
Alun Evans
Dan Corry
J 0 Moore
PUDH

MEETING WITH JOHN ROBINSON

Your Minister was present on 27 June when the Secretary of State met John Robinson, Chairman of Railtrack. Richard Mottram, David Rowlands and Dan Corry were also present.

2. The Secretary of State invited John Robinson to set out his initial views on the challenges facing the industry and his role as the new Railtrack Chainnan in tackling them. Robinson said the situation was worse then he had expected, but
recoverable. His priority was tp get the rail infrastructure working properly; at present he was focussed on Railtrack's short-tenn financial position and a review of company management.

3. Robinson said Railtrack would need to raise money in the markets in the autumn. This would be an impossible challenge if others in the industry continued to undermine the company through the media. In particular, relations with the Regulator were very poor.

4. Continuing, Rpbinson said the Regulator's assumptions in Control Period 2 were unworkable. In his view the Hatfield reopener was really an opportunity to reassess the assumptions underpinning rail funding more generally.

5. Robinson said the way Railtrack was privatised was flawed, but the current structure needed to be made to work better. There were alternative models being debated at present -such as regional integration - but taking forward structural change would be disruptive.

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Railhub Archive ::: 2001-07-05 DTR-002





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