Network Rail: Difference between revisions

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I think it's fair to say this is not happening this year if ever
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{{short description|State-ownedRail company thatin manages rail infrastructure inthe GreatUnited BritainKingdom}}
{{Distinguish|National Rail}}
{{Use British English|date=October 2012}}
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| type = [[State-owned enterprise|Government-owned company]]/[[non-departmental public body]]<ref>{{cite web |url= http://www.networkrail.co.uk/about-us/governance/|title=Our legal and financial governance structure |publisher=Network Rail |url-status=live |archive-url= https://web.archive.org/web/20160511032631/http://www.networkrail.co.uk/about-us/governance/|archive-date=11 May 2016|df=dmy-all}}</ref><br><small>(incorporated as a [[Private company limited by guarantee|private company limited by guarantee without share capital]])</small>
| predecessor = [[Railtrack]]
| successor = [[Great British Railways]] (from 2024)
| foundation = {{Start date and age|2002|10|3|df=yes}}
| location = 1 Eversholt Street <br> [[London]] <br> NW1 2DN<ref>{{cite web |title=Contact us |url=https://www.networkrail.co.uk/communities/contact-us/ |website=Network Rail |access-date=8 December 2019}}</ref>
| key_people = {{ubl
|[[Peter Hendy|Lord Hendy of Richmond Hill]] (chairman)|Andrew Haines (CEO)|Ric Scott (Highland Area LOM)}}
| industry = [[European Rail Infrastructure Managers|Rail infrastructure and asset management]]
| products = [[Public transport]]
| revenue = £6.6 billion (2019)<ref name=ap2019>{{cite web |url= https://cdn.networkrail.co.uk/wp-content/uploads/2019/07/Annual-report-and-accounts-2019.pdf |work=Network Rail Limited Annual report and accounts 20199 |title=Network Rail Limited Annual report and accounts 2019 |publisher=Network Rail |date=18 July 2019 |access-date=2019-10-24 |archive-date=9 May 2022 |archive-url=https://web.archive.org/web/20220509075647/https://cdn.networkrail.co.uk/wp-content/uploads/2019/07/Annual-report-and-accounts-2019.pdf |url-status=dead }}</ref>
| owner = [[HM Government]] ([[Department for Transport]])
| num_employees = 42,099 (2020)<ref>{{cite web |url= https://www.networkrail.co.uk/wp-content/uploads/2020/07/Annual-report-and-accounts-2020.pdf|title=Network Rail Limited Annual report and accounts 2020 |publisher=Network Rail |date=16 July 2020 |access-date=2020-10-29}}</ref>
| homepage = {{Official URL}}
}}
'''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 [[Great Britain]].<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 |accessdateaccess-date=25 May 2009 }}</ref> Network Rail is ana [[non-departmental public body|"arm's length" 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>
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To cope with [[history of rail transport in Great Britain 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 Great Britain 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 Greatthis British Railwaysprocess would not replace Network Rail untilbe 2024delayed.<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>
 
==History==
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===Background===
{{See also|Railtrack|British Rail}}
[[Rail transport in Great Britain|Britain's railway system]] was built by private companies, but it was [[nationalisation|nationalised]] by the [[Transport Act 1947]] and run by [[British Rail]]ways until [[Privatisation of British Rail|re-privatisation]] which was begun in 1994 and completed in 1997.<ref>{{cite journal |url = https://www.socresonline.org.uk/7/1/strangleman.html |first = Tim |last = Strangleman |date = 2002 |title = Nostalgia for Nationalisation - the Politics of Privatisation |journal = Sociological Research Online |volume = 7 |number = 1 |pages = 92–105 |doi = 10.5153/sro.701 |s2cid = 144684740 }}</ref><ref name = "wolmar 2005">{{cite news |last = Christian |first = Wolmar |newspaper = [[The Guardian]] |date = 16 July 2005 |url = https://www.theguardian.com/comment/story/0,3604,1529802,00.html |title = Forget Byers: the scandal was in the original sell-off: Railtrack was heading for disaster long before the Hatfield crash}}</ref> As a part of the privatisation process, the railway infrastructure, passenger and freight services were separated into separate organisations. Between 1994 and 2002, the infrastructure was owned and operated by [[Railtrack]], a privately-owned company.<ref name = "parliament summary2010">{{cite web |url = https://researchbriefings.files.parliament.uk/documents/SN01224/SN01224.pdf |title = Railways: Railtrack, 1994-2002 |date = 24 March 2010 |website = parliament.uk |first = Louise |last = Butcher}}</ref><ref name = "Edmondreplace independent1997">{{cite news |url = https://www.independent.co.uk/news/business/beleaguered-railtrack-seeks-big-hitter-to-replace-edmonds-1257605.html |title = Beleaguered Railtrack seeks 'big hitter' to replace Edmonds |newspaper = The Independent |first1 = Sameena |last1 = Ahmad |first2 = Andrew |last2 = Yates |date = 22 June 1997}}</ref>
 
A spate of accidents, including the [[Southall rail crash]] in 1997<ref>{{cite news |url = http://news.bbc.co.uk/onthisday/hi/dates/stories/september/19/newsid_2524000/2524283.stm |title = Six dead in Southall Train Disaster |work = BBC News |date = 19 September 1997}}</ref> and the [[Ladbroke Grove rail crash]] in 1999<ref>{{cite news |url = http://news.bbc.co.uk/1/hi/uk/467919.stm |title = Ladbroke Grove Crash |work = BBC News |date = 11 October 1999}}</ref> called into question the negative consequences that the fragmentation of the railway network had introduced to both safety and maintenance procedures. Railtrack was severely criticised for both its performance for infrastructure improvement and for its safety record.<ref name = "parliament summary2010"/><ref>{{cite journal |url = https://www.tandfonline.com/doi/abs/10.1080/00036840903476379?journalCode=raec20 |title = The rise and fall of Railtrack PLC: an event study |journal = Applied Economics |volume = 43 |date = 2011 |issue = 23 |pages = 3143–3153|doi = 10.1080/00036840903476379 |last1 = Glass |first1 = Anthony |s2cid = 154603770 }}</ref> The [[Hatfield train crash]] on 17 October 2000 was a defining moment in the collapse of Railtrack.<ref>{{cite news |url = http://news.bbc.co.uk/onthisday/hi/dates/stories/october/17/newsid_2491000/2491425.stm |title = Four dead in Hatfield Train Crash |work = BBC News |date = 17 October 2000 |url-status = live |archive-url = https://web.archive.org/web/20080307134427/http://news.bbc.co.uk/onthisday/hi/dates/stories/october/17/newsid_2491000/2491425.stm |archive-date = 7 March 2008 |df = dmy-all}}</ref> The immediate major repairs undertaken across the whole British railway network were estimated to have cost in the order of [[Pound sterling|£]]580 million and Railtrack had no idea how many more 'Hatfields' were waiting to happen because it had lost considerable in-house engineering skill following the sale or closure of many of the engineering and maintenance functions of [[British Rail]] to external companies; nor did the company have any way of assessing the consequence of the speed restrictions it was ordering. These restrictions brought the railway network to an almost total standstill and drew significant public ire.<ref name = "timeline guardian2002">{{cite news |url = https://www.theguardian.com/world/2002/jun/27/transport.uk |title = Timeline: Railtrack |newspaper = The Guardian |first1 = Mark |last1 = Tran |first2 = Sarah |last2 = Left |first3 = Philip |last3 = Pank |date = 27 June 2002}}</ref><ref>{{cite news |url = https://www.telegraph.co.uk/news/1482439/Hatfield-crash-was-disaster-waiting-to-happen.html |title = Hatfield crash "was disaster waiting to happen" |newspaper = [[The Daily Telegraph]] |date = 31 January 2005 |access-date = 22 August 2016 |archive-date = 10 February 2018 |archive-url = https://web.archive.org/web/20180210181641/http://www.telegraph.co.uk/news/1482439/Hatfield-crash-was-disaster-waiting-to-happen.html |url-status = live}}</ref><ref>{{cite news |url = http://news.bbc.co.uk/2/hi/uk_news/scotland/989218.stm|title=Railtrack shuts down West Coast Main Line |work = BBC News |date = 25 October 2000 |url-status = live |archive-url = https://web.archive.org/web/20131110021218/http://news.bbc.co.uk/2/hi/uk_news/scotland/989218.stm|archive-date = 10 November 2013 |df = dmy-all}}</ref> According to railway historian [[Christian Wolmar]], Railtrack's board panicked in the wake of Hatfield.<ref>{{cite book |last = Wolmar |first = Christian |title = On the Wrong Line |publisher = Aurum Press |date = 2005 |isbn = 978-1-85410-998-9|url=https://books.google.com/books?id=HSMzj9wC_soC&pg=PT290|page=290|via=Google Books}}</ref> Railtrack's first chief executive, John Edmonds, had pursued a deliberate strategy of [[outsource|outsourcing]] engineers' work wherever possible with the goal of reducing costs.<ref name = "Edmonds obituarytelegraph">{{cite news |url = https://www.telegraph.co.uk/obituaries/2020/05/27/john-edmonds-executive-forced-radical-changes-british-rail/ |title = John Edmonds, executive who forced through radical changes at British Rail – obituary |newspaper = The Telegraph |date = 27 May 2020}}</ref>
Various major schemes being undertaken by Railtrack had also gone awry. The modernisation of the [[West Coast Main Line]] had suffered from spiralling costs, rising from an estimated £2 billion to roughly £10 billion.<ref>{{cite news |url = http://news.bbc.co.uk/1/hi/uk/565507.stm |title = Repair costs spiral to £5bn |work = BBC News |date = 15 December 1999 |url-status = live |archive-url = https://web.archive.org/web/20131110021245/http://news.bbc.co.uk/2/hi/uk_news/565507.stm |archive-date = 10 November 2013 |df = dmy-all}}</ref> This programme suffered failures that were technical as well as managerial, such as the [[moving block]] signalling apparatus being immature for such a busy mixed-traffic mainline.<ref>{{cite news |url = https://www.theguardian.com/politics/2004/apr/01/transport.uk |title = The main players in the £10bn rail fiasco |newspaper = The Guardian |first = James |last = Meek |date = 1 April 2004 }}</ref><ref>{{Cite web |title = The Modernisation of the West Coast Main Line |url = https://www.nao.org.uk/report/the-modernisation-of-the-west-coast-main-line/ |access-date = 21 July 2021 |website = [[National Audit Office (United Kingdom)|National Audit Office]] |date = 22 November 2006 |archive-date = 21 July 2021 |archive-url = https://web.archive.org/web/20210721150856/https://www.nao.org.uk/report/the-modernisation-of-the-west-coast-main-line/ |url-status = live}}</ref> In 2000, reports emerged that Railtrack may not be able to go through with its planned commitment to purchase section 2 of [[High Speed 1]], resulting in disruption and uncertainty for that programme as well.<ref>{{cite news |url = https://www.theguardian.com/business/2000/may/30/7 |title = Railtrack funding of Channel rail link in doubt again |first = Keith |last = Harper |date = 30 May 2000 |newspaper = The Guardian |access-date = 1 August 2009 |location = London |archive-date = 8 May 2014 |archive-url = https://web.archive.org/web/20140508231457/http://www.theguardian.com/business/2000/may/30/7 |url-status = live }}</ref><ref>{{cite news |url = https://www.independent.co.uk/news/uk/home-news/railtrack-could-ditch-new-channel-rail-link-702632.html |archive-url = https://web.archive.org/web/20091201134427/http://www.independent.co.uk/news/uk/home-news/railtrack-could-ditch-new-channel-rail-link-702632.html |url-status = dead |archive-date = 1 December 2009 |title = Railtrack could ditch new Channel rail link |first = Michael |last = Harrison |date = 16 January 2001 |newspaper = The Independent |access-date = 1 August 2009 |location = London}}</ref><ref>{{cite news |url = https://www.independent.co.uk/news/uk/home-news/railtrack-to-lose-its--newline-monopoly-689651.html |title = Railtrack to lose its new-line monopoly |first = Colin |last = Brown |date = 1 April 2001 |newspaper = The Independent |access-date = 1 August 2009 |location = London}}{{dead link|date=August 2021|bot=medic}}{{cbignore|bot=medic}}</ref>
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Critical commentary appeared in the media concerning the [[Knight Bachelor|knighthood]] awarded to John Armitt in the [[2012 New Year Honours]] for services to engineering and construction. Armitt was Chief Executive of Network Rail at the time of the 2007 [[Grayrigg derailment]] and the family of a victim of the accident criticised the award, which coincidentally was conferred on the same day that Network Rail were prosecuted for the accident.<ref name=bbc-knighthood>{{cite news |title = Grayrigg crash victim's son 'disgusted' by knighthood |url = https://www.bbc.co.uk/news/uk-england-cumbria-17223196 |access-date = 2 March 2012 |newspaper = BBC News |date = 1 March 2012 |url-status = live |archive-url = https://web.archive.org/web/20120302180319/http://www.bbc.co.uk/news/uk-england-cumbria-17223196 |archive-date = 2 March 2012 |df = dmy-all}}</ref>
 
In 2023, one of Network Rail's managing directors resigned after a litany of problems in the areas she was responsible for. Michelle Handforth resigned after infrastructure problems left hundreds of passengers stranded in carriages in London, one of the latest issues with the lines outside [[Paddington Station]]. The [[Office of Rail and Road]] was already investigating poor reliability and punctuality in the Wales and Western region.<ref>{{cite news |url = https://www.bbc.co.uk/news/business-67742682 |place = London |work = BBC News |first = Vivienne |last = Nunis |title = Network Rail manager for stranded passenger line quits |date = 18 December 2023 }}</ref>
 
===Regional reorganisation and shared responsibilities===
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During 2011, work commenced to extend the electrification of the [[Midland Main Line]], including to both Corby and Nottingham.<ref>{{Cite web|url=https://www.railwaygazette.com/uk/electrification-to-reach-market-harborough/48150.article|title=Electrification to reach Market Harborough}}</ref><ref>{{Cite web|title=Spades in ground as government delivers on rail investment promise for North and Midlands|url=https://www.gov.uk/government/news/spades-in-ground-as-government-delivers-on-rail-investment-promise-for-north-and-midlands|access-date=2021-12-21|website=GOV.UK|language=en}}</ref><ref>{{Cite web|date=2021-12-21|title=Main works on next stage of Midland Main Line electrification due to begin|url=https://news.railbusinessdaily.com/main-works-on-next-stage-of-midland-main-line-electrification-due-to-begin/|access-date=2021-12-21|website=RailBusinessDaily|language=en-US}}</ref><ref>{{Cite web|title=Rail industry welcomes progress on Midland Mainline electrification|url=https://www.riagb.org.uk/RIA/Newsroom/Press_Releases/Progress_on_MML_electrification.aspx|access-date=2021-12-21|website=www.riagb.org.uk}}</ref> In July 2017, it was announced the then-Secretary of State for Transport [[Chris Grayling]] that the electrification scheme north of Kettering to Derby, Nottingham and Sheffield had been cancelled and that bi-mode trains would be used instead.<ref>{{Cite web|last=Butcher|first=Louise|date=22 February 2021|title=Rail electrification|url=https://commonslibrary.parliament.uk/research-briefings/sn05907/|language=en-GB|journal=|access-date=22 February 2021|archive-date=6 May 2021|archive-url=https://web.archive.org/web/20210506031746/https://commonslibrary.parliament.uk/research-briefings/sn05907/|url-status=live}}</ref><ref>{{Cite news|date=20 July 2017|title=Rail electrification plans scrapped by government|language=en-GB|work=BBC News|url=https://www.bbc.com/news/business-40669869|access-date=24 February 2021|archive-date=1 April 2019|archive-url=https://web.archive.org/web/20190401201112/https://www.bbc.com/news/business-40669869|url-status=live}}</ref> However, in May 2022, a briefing to contractors was released ahead of an invitation to tender for Midland Mainline Electrification project work to extend electrification to Nottingham and Sheffield. This scheme is expected to cost £1.3&nbsp;billion.<ref>{{cite web|url=https://www.newcivilengineer.com/latest/contractors-alerted-to-next-phase-of-1-3bn-midland-main-line-electrification-24-05-2022/|title=Contractors alerted to next phase of £1.3bn Midland Main Line electrification |date=24 May 2022 }}</ref>
 
[[File:Blackfriars Railway Bridge from Tate Modern.jpg|thumb|Blackfriars Railway Bridge with photo-voltaic roof panels]]
Network Rail has undertaken numerous schemes to develop its own renewable electrical generation footprint, which is used in part to power the operational railway. In January 2014, Network Rail opened the world's largest [[Solar power|solar-powered]] bridge, adjacent to the remains of the old [[Blackfriars Railway Bridge]], across the [[River Thames]]. The roof of the new railway bridge is covered with 4,400 [[Photovoltaics|photovoltaic]] panels, providing up to half of the energy requirement for [[Blackfriars station|London Blackfriars station]].<ref>{{cite web |url = https://www.theguardian.com/environment/2014/jan/22/worlds-largest-solar-powered-bridge-opens-in-london |title = World's largest solar-powered bridge opens in London |date = 22 January 2014 |work = [[The Guardian]] |archive-url = https://web.archive.org/web/20170202125427/https://www.theguardian.com/environment/2014/jan/22/worlds-largest-solar-powered-bridge-opens-in-london |archive-date = 2 February 2017 |url-status = live}}</ref> Solar panels are used at various locations across Network Rail's property portfolio, including stations and depots.<ref>{{cite web |url = https://www.solarsense-uk.com/casestudies/scarborough-rail-depot/ |title = Casestudy: Scarborough Rail Depot |date = 6 March 2020 |publisher = solarsense-uk.com |access-date = 8 December 2022}}</ref> In August 2022, an agreement between the company and [[Électricité de France|EDF]] was signed to provide more solar energy.<ref>{{cite web |url = https://tandlonline.com/rail/network-rail-signs-solar-panel-agreement-with-edf-renewables-38398 |title = Network Rail Signs Solar Panel Agreement with EDF Renewables |publisher = tandlonline.com |date = 11 August 2022}}</ref>
 
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=== Infrastructure ===
[[File:Brunel's Saltash Bridge.jpg|thumb|[[Royal Albert Bridge]] after refurbishment by Network Rail]]
[[File:Norwoodjunction4.JPG|thumb|Network Rail depot at [[Norwood Junction station]], [[Croydon]].]]
 
Network Rail covers 20,000 miles of track, and 30,000 bridges, tunnels and viaducts.<ref>{{cite web |title=Our history |url=https://www.networkrail.co.uk/who-we-are/about-us/ |archive-url= |archive-date= |access-date=7 November 2022 |publisher=Network Rail |df=dmy-all}}</ref> They claim to run the world's largest [[third rail]] network.<ref>{{cite web|title=Third rail - Network Rail|periodical=Networkrail.co.uk|publisher=|url=https://www.networkrail.co.uk/running-the-railway/looking-after-the-railway/track/third-rail|url-status=|format=|access-date=2022-09-12|archive-url=|archive-date=}}</ref>
 
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{{col-end}}
 
Glasgow Central and Liverpool Lime Street stations are divided into high and low-level stations – the high-level stations are all termini used primarily by the main inter-city services to those stations. The low-level stations are through routes on local commuter networks that are largely separate from other routes to the main station; these platforms are not managed by Network Rail, but instead by the rail operator that primarily uses them, ([[ScotRail]] and [[Merseyrail]] respectively).{{Citation needed|date=February 2021}}
 
Network Rail operated {{rws|Gatwick Airport}} station until January 2012 when it was transferred to [[Southern (train operating company)|Southern]], and {{rws|Fenchurch Street}} until November 2014 when it was transferred to [[c2c]]. Network Rail took over management of Bristol Temple Meads and Reading in April 2014.<ref>{{Cite web |title=Railnews: Royal opening for modernised Reading |url= http://www.railnews.co.uk/news/2014/07/17-royal-opening-for-modernised-reading.html |date=July 2014 |access-date=22 December 2014 |url-status=live |archive-url= https://web.archive.org/web/20150403012204/http://www.railnews.co.uk/news/2014/07/17-royal-opening-for-modernised-reading.html |archive-date=3 April 2015 |df=dmy-all}}</ref>
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|{{rws|Coleshill Parkway}}
| [[Public-private partnership|Coleshill Parkway Ltd]]
|-
|{{rws|Corfe Castle}}
| [[Dorset Council (UK)|Dorset Council]]
|-
|{{rws|Dunrobin Castle}}
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<gallery>
File:2009 at Fairwater crane 96715.JPG|Breakdown crane
File:Switch_and_Crossing_Rail_Grinder_DR79261_and_DR79271Switch and Crossing Rail Grinder DR79261 and DR79271.jpg|[[Railgrinder]] for switches and crossings
File:Tamworth railway station MMB 27 43062.jpg|[[New Measurement Train]]
File:DR 98931 Tonbridge to Tonbridge (22476971424).jpg|Railhead treatment train
File:Didcot - Network Rail DR80211 (66005).JPG|[[Stoneblower]] at {{stnlnk|Didcot}}
File:Class 37 97302.jpg|[[British Rail Class 97|Class 97/3]] Locomotive for [[ERTMS in Great Britain|ERTMS]] Testing purposes.
</gallery>
 
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| East Midlands
| {{plainlist|
*{{rws| London St Pancras International}} – {{rws| Nottingham}}, {{rws| DerbySheffield}}, {{rws| Chesterfield}}
*{{rws| Burton-on-Trent}} – {{rws| Derby}}
}}
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==Private versus public-sector status==
{{See also|Railtrack}}
In 2001, the then Labour government denied that it had nationalised the rail network in order to prevent Railtrack's shareholders claiming, via the European Court of Human Rights, the four-year average price of Railtrack, about £10 per share. Instead, Railtrack's shareholders were given only £2.60.<ref>{{cite news |url= https://www.theguardian.com/uk/2001/jul/30/transport.Whitehall |title=Rail buy-out too costly for government |newspaper=The Guardian |place=London |first=Lucy |last=Ward |date=30 July 2001 |access-date=20 May 2010 |url-status=live |archive-url= https://web.archive.org/web/20130825094658/http://www.theguardian.com/uk/2001/jul/30/transport.Whitehall |archive-date=25 August 2013 |df=dmy-all}}</ref> ''The Times'' reported that Gordon Brown's aide, [[Shriti Vadera, Baroness Vadera|Shriti Vadera]] e-mailed [[Stephen Byers]] in July 2001 asking: "Can we engineer the solution through insolvency ... and therefore avoid [[Compensation (nationalization)|compensation]] under the [[Human Rights Act 1998|Human Rights Act]]?"<ref>{{cite news |url= https://www.thetimes.co.uk/article/railtrack-shares-trial-exposes-ministers-with-a-license-to-steal-x6n3npqtb7h|title=Railtrack shares trial exposes ministers with a license to steal |work=The Times |place=London |first=Simon |last=Jenkins |date=17 July 2005 |access-date=30 June 2018}}</ref>
 
[[Railtrack]] plc was placed into railway administration under the [[Railways Act 1993]] on 7&nbsp;October 2001, following an application to the [[High Court of Justice of England and Wales|High Court]] by the then [[Secretary of State for Transport|Transport Secretary]], Stephen Byers.<ref>{{cite news |archive-url= https://web.archive.org/web/20110312220300/http://www.independent.co.uk/news/uk/home-news/railtrack-goes-bankrupt-with-debts-of-acircpound33bn-630604.html |archive-date=12 March 2011 |title=Railtrack goes bankrupt with debts of £3.3bn |newspaper=[[The Independent]] |date=8 October 2001 |url= https://www.independent.co.uk/news/uk/home-news/railtrack-goes-bankrupt-with-debts-of-acircpound33bn-630604.html}}</ref> It was reported in November 2001 that a further £3.5&nbsp;billion might be needed to keep the national railway network running, a sum disputed by [[Ernst & Young]], the administrators.<ref>{{cite news |url= https://www.theguardian.com/uk/2001/nov/24/politics.transport |title=Blair told: find £3.5bn or the railways collapse |newspaper=The Guardian |place=London |date=24 November 2001 |url-status=live |archive-url= https://web.archive.org/web/20170510212153/https://www.theguardian.com/uk/2001/nov/24/politics.transport |archive-date=10 May 2017 |df=dmy-all}}</ref> To get Railtrack out of administration, the government had to return to the High Court and present evidence that the company was no longer insolvent. The principal reason given by the government to the court for this assertion was the decision of the [[Rail Regulator|rail regulator]] in 2002 to carry out an interim review of the company's finances, with the potential to advance significant additional sums to the company.<ref>{{cite news |url= https://www.telegraph.co.uk/finance/2828365/Winsors-pointer-to-rail-billions.html |title=Windsor's pointer to rail billions |newspaper=The Daily Telegraph |place=London |date=25 September 2002 |url-status=live |archive-url= https://web.archive.org/web/20180301015040/https://www.telegraph.co.uk/finance/2828365/Winsors-pointer-to-rail-billions.html |archive-date=1 March 2018 |df=dmy-all}}</ref> The High Court accepted that the company was not insolvent, and the railway administration order was discharged in October 2002.{{Citation needed|date=February 2021}}
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* [[Northern Ireland Railways]]
* [[Financing of the rail industry in Great Britain]]
* [[Network Rail Certification Body]]
 
==References==