The new line
Article Abstract:
Railtrack, which owns the UK's national rail network, is likely to invest a total of 33 billion pounds sterling in the period to 2009. A change in its regulatory structure will increase the incentive to invest, as 25% of its income will come from profit-sharing agreements with train operating companies. Under the new regime, it may bring forward 10.7 billion pounds sterling of 'enhancement' schemes that had previously been in doubt because it was seeking funding from partners to make them viable. Railtrack must now prove that it can deliver the investment it claims it has always wanted to make.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
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Watchdog to probe barrage
Article Abstract:
Construction costs and time scales of the Cardiff Bay Barrage, Wales, will be examined by the National Audit Office (NAO) in attempt to understand why the project is running up to one year late and 30 million pounds sterling over budget. The barrage contract was given jointly to Balfour and Costain for 91 million pounds sterling in 1994, with sources claiming the final cost will be nearer 120 million pounds sterling. The barrage was due to be completed in October 1998, although officials from the construction consortium are disputing finishing times.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1998
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Steel chiefs face skills shortage probe
Article Abstract:
The UK government is to meet with construction managers and leading figures from steel production and fabrication on Sep 8, 1997, to consider how to address shortages of materials and skills. Some observers believe that shortages have been exaggerated, and feel that steel fabricators will be able to cope with the predicted 3% rise in UK demand in 1997. Others believe that some coordination of industry activity is necessary, and others feel that training can play a valuable role in helping the steel sector deal with shortages.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1997
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