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Railhub Archive
2001-10-08 JAR-001
Jarvis PLC

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Statement regarding Railtrack


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railway administration



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Jarvis PLC

Statement regarding Railtrack
_______________________________________________________________


date
8 October 2001 11:57
source Jarvis PLC
type Stock exchange statement

note RNS Number:2747L. TIDM JRVS


Jarvis plc the international facilities management company acknowledges the
Government's appointment of special administrators to oversee the affairs of
Railtrack plc.

Jarvis has already received assurance from the relevant government department
over the weekend that the work schedules in which the Company is engaged will
be unaffected by the appointment of administrators. The Government has
stated its intention to form a new private sector company without shareholders,
working in the interests of the whole industry, with any surplus generated from
the activity of this company being invested in the network.

Jarvis also welcomes the government's commitment to spend £30billion to
improve the network and will play its full part in achieving the objective of
a modern, safe and reliable railway.

As a leading player in the Public Private Partnership (PPP) process we are
also pleased to note the government's continuing commitment to PPP in
transport and other infrastructure capital projects.

Enquiries:
Mike Tate
Jarvis plc
Tel. +44 (0)20 7462 6670
E-mail: mike.tate@jarvis-uk.com

Or
David Simpson
Square Mile BSMG
Tel: +44 (0)20 7601 1060
+44 (0)7909 688 239
E mail: david.simpson@sq-mile.com

END


Railhub Archive ::: 2001-10-08 JAR-001





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