The British government is plotting to close large parts of the rail network says the Independent.
Ministers are preparing ways of closing or "mothballing" large sections of the railway network, according to an official document which was slipped out without publicity last week...
The rail system is heading for a financial crisis in the next few years, as the Treasury has demanded that current record levels of subsidy be slashed. Passengers have been forced to pay big fare increases this year as ministers hike up the premiums train companies pay to run the service. The debt of Network Rail, the not-for-profit company that runs the track, will soar to £20bn by 2008. It will need £1bn a year just to service this debt.
http://news.independent.co.uk/uk/transp ... 341731.ece
Ministers are preparing ways of closing or "mothballing" large sections of the railway network, according to an official document which was slipped out without publicity last week...
The rail system is heading for a financial crisis in the next few years, as the Treasury has demanded that current record levels of subsidy be slashed. Passengers have been forced to pay big fare increases this year as ministers hike up the premiums train companies pay to run the service. The debt of Network Rail, the not-for-profit company that runs the track, will soar to £20bn by 2008. It will need £1bn a year just to service this debt.
http://news.independent.co.uk/uk/transp ... 341731.ece