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2000-05-25 ATO-001
ATOC
Rail industry can deliver but more investment needed
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 Association of Train Operating Companies
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Press release
ATOC
Rail industry can deliver but more investment needed
date 25 May 2000
source ATOC
type Press release
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Speaking at today's Rail Summit, ATOC Deputy Chairman, Richard Brown and Railtrack Chief Executive, Gerald Corbett both expressed the view that the industry shares everyone's desire for a bigger, better railway to meet the whole nation's travel needs and take the strain off its increasingly congested roads. How much bigger and how much better must be defined in partnership with the government. Growth and modernisation cannot be achieved without additional government support.
Richard Brown said: "The industry is meeting the deputy prime minister's challenging target for more people to use rail. However, we need to be planning for growth in rail travel of at least 40 per cent and more likely 50 per cent, for the next ten years. Passenger revenue and efficiency gains alone will not deliver the modernisation the rail industry needs to carry passengers in the future more reliably and quickly.
Gerald Corbett, Chief Executive, Railtrack PLC said: "We have all responded vigorously to the challenges laid down at the previous summit and we have achieved a lot, though much remains to be done. We now have a tremendous opportunity for the industry, its regulators and Government to work together in partnership to deliver a better railway that we and the travelling public want.
Both men emphasised that the industry's number one priority remains safety.
ENDS
For more information
ATOC press office 020 7904 3010
Railtrack press office 020 7557 8292/8293
Railnews Archive ::: 2000-05-25 ATO-001
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