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Rail operators agree landmark deal

[ November 3, 2014   //   ]

 

Three of the UK’s leading railfreight operators have agreed a deal to transfer ownership of many key sites to Network Rail – which will make them more readily available to the growing number of rail freight operators and end users, says the infrastructure operator. DB Schenker, Freightliner and GB Railfreight have agreed the tansfer of over 100 leasehold sites, thefirst significant change in the strategic management and development of Britain’s rail freight estate in the two decades since privatisation, adds Network Rail. It will increase competition and supporting growth in the sector, it said.
Network Rail freight director, Paul McMahon, described it as”a bold strategic move by the industry. It will help drive continued rail freight growth, give customers greater transparency and equality in property arrangements, allow Network Rail to make more efficient use of the network and release capital for freight operating companies to invest in their operations…It will also enable redundant land to be redeveloped and provide a valuable additional source of revenue for Network Rail.”

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