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Network Rail limited unveils preliminary results to reflect six months ownership of railway infrastructure
date 28 May 2003 source Network Rail type Press release
National
Network Rail Limited, the ultimate parent company of Network Rail Infrastructure Limited (NRIL), formerly Railtrack PLC, today unveiled its results alongside those of its infrastructure company NRIL.
Announcing the results of Network Rail Limited, Chairman Ian McAllister said: “The financial information presented represents six months ownership of the railway infrastructure and highlights the challenges we face in stabilising the network both financially and organisationally. The results offer a chance to draw a line under the past with regard to Railtrack entering and exiting administration.
“Our focus is now on the future and the need to make progress on the delivery of a safe and reliable rail infrastructure at an affordable cost. Sustained improvement of the rail network will take several years and the first steps have been taken. We now have clear plans and know the direction that we must take.”
Contact information
Media Relations (National) 020 3356 8700 mediarelations@networkrail.co.uk
Railnews Archive ::: 2003-05-28 NET-001
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