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Archive
1999-10-06 SRA-002
Shadow Strategic Rail Authority
Sir Alastair Morton speaks to the City
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Press release
Shadow Strategic Rail Authority
Sir Alastair Morton speaks to the City
Sir Alastair Morton, Chairman of the Shadow Strategic Rail Authority, spoke to
a City conference this morning about the SSRA 's emerging strategy for
stepping up investment in Britain's rail system, its capacity and its
performance for both passengers and freight.
Aiming his remarks both at the financial institutions represented and at
potential franchisees and interested parties beyond them, he spelled out the
SSRA's purpose in replacing train operator franchises having less than five
years to run. He spoke of the co-operation between the SSRA and the
Regulator vis-à-vis Railtrack - the former strategic, seeking higher levels of
investment or co-investment, the latter regulating monopoly behaviour, but
aiming to facilitate the delivery of the strategy.
Alongside Railtrack, Sir Alastair foresees much more from three other "groups
of investors" - the train operators, structured financings mobilised by the City
and, at the margins, the SRA.
"Transport has roared up the political agenda," he said. "There is a window of
opportunity to invest over the coming decade to give us a bigger and better
rail network …. But it takes time - expectations must be managed."
Railnews Archive ::: 1999-10-06 SRA-002
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