Network Rail: Difference between revisions

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'''Network Rail Limited''' is the owner (via its subsidiary Network Rail Infrastructure Limited, which was known as Railtrack plc before 2002) and [[Railway infrastructure manager|infrastructure manager]] of most of the railway network in the [[GreatUnited BritainKingdom]].<ref>{{cite web |url=http://www.networkrail.co.uk/ |title=Network Rail |archiveurl=https://web.archive.org/web/20071107014125/http://www.networkrail.co.uk/ |archivedate=7 November 2007 |access-date=25 May 2009 }}</ref> Network Rail is a [[non-departmental public body]] of the [[Department for Transport]] with no shareholders, which reinvests its income in the railways.
 
Network Rail's main customers are the private [[train operating company|train operating companies]] (TOCs), responsible for passenger transport, and [[freight operating company|freight operating companies]] (FOCs), who provide train services on the infrastructure that the company owns and maintains. Since 1 September 2014, Network Rail has been classified as a "public sector body".<ref name="The Guardian - Network Rail joins the public sector">{{cite news |last=Topham |first=Gwyn |title=Network Rail joins the public sector: but don't call it 'nationalisation' |url=https://www.theguardian.com/business/2014/aug/28/network-rail-piublic-sector-dont-call-it-nationalisation |newspaper=The Guardian |access-date=12 June 2019 |ref=guardianpublicsector |date=28 August 2014}}</ref><ref name="Network Rail management and funding">{{cite web |title=How we're governed and managed |url=https://www.networkrail.co.uk/who-we-are/how-we-work/how-were-governed-and-managed/ |website=Network Rail}}</ref>
 
To cope with [[history of rail transport in Greatthe BritainUnited Kingdom 1995 to date|rapidly increasing passenger numbers]], ({{as of|2021|lc=on}}) Network Rail has been undertaking a £38 billion [[History of rail transport in Greatthe United BritainKingdom 1995 to date#Timeline of improvements|programme of upgrades]] to the network, including [[Crossrail]], [[Railway electrification in Great Britain|electrification of lines]] and [[Thameslink Programme|upgrading Thameslink]].
 
In May 2021, the Government announced its intent to replace Network Rail in 2023 with a new public body called [[Great British Railways]].<ref name="GreatBritishRailways" /> In 2022 it was announced that Great British Railways would not replace Network Rail until 2024.<ref>{{Cite news |date=2022-10-19 |title=Great British Railways transport bill shelved |work=BBC News |url=https://www.bbc.com/news/uk-politics-63313823 |access-date=2022-11-26}}</ref>