Railtrack PLC replaced by Network Rail

Railtrack PLC, the privatised rail infrastructure company was placed in administration on 7 October 2001. Railtrack was sold for £1,904m in 1996 preceded by a £869m net debt write-off. The shares were priced at 390p, almost doubled in price within a year and by 1999 were over 1,600p valuing the company at £8bn, four times its original sale price (Whitfield, 2001). Network Rail is a non-profit company limited by guarantee. It operates commercially but any surplus is reinvested in the railways it owns and maintains the tracks, signals, bridges and 2,500 stations.


European Services Strategy Unit, Duagh, Camp, Tralee, County Kerry, Ireland.
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This document was created by Dexter Whitfield on 2012-12-27 09:11:32.
This document was last modified by Dexter Whitfield on 2012-12-27 09:12:12.
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