Network Rail privatisation ‘on the table’
By Richard Westcott
BBC Transport Correspondent
20 September 2015
From the section Business
The executive asked to come up with a plan to revive Network Rail’s fortunes has said she cannot rule out recommending privatisation.
In an interview with the BBC, Nicola Shaw said that a partial or total sell-off “was absolutely on the table; it can’t not be.”
Ms Shaw was drafted in by the government after Network Rail’s upgrade plans fell apart last summer.
Work to electrify key lines had been dogged by delays and mounting costs.
Ministers paused two of the projects, in the Midlands and across the Pennines, and replaced the chairman, while a number of reviews are carried out.
Ms Shaw, who is currently the boss of Britain’s only high speed line, HS1, said there were a whole range of issues that had to be considered for her report, and she was keen to hear what people had to say.
She said she would also recommend changes to the regulator if necessary.
A period of evolution
“I don’t believe there is one perfect answer. I think there is something that we’ll go forward with for the next period of evolution of the railway. I don’t think there has to be a big row. The challenge for me is how to bring people together. To find a way forward that people will support.”
Source:: BBC UK