Railtrack unveils spending plan

Article Abstract:

Railtrack Group PLC is planning to spend up to 52 billion pounds (87.18 billion euros) for the improvement of its rail network. The spending plan is designed for the next 12-year period.

Financial management

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Railtrack will ask U.K. regulator to advance 1.55 billion euros payment

Article Abstract:

Railtrack PLC announced that it would ask the UK rail regulator to advance 1 billion pounds (1.55 billion euros) in public funds. Railtrack, which was hit with major bills for emergency repairs, is not scheduled to receive the funds until the 2006 year.

Government expenditures, Use of Funds

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Railtrack reports deep pretax loss on costly repairs

Article Abstract:

Railtrack Group PLC posted a higher pretax loss for the year ending March 31, 2001. The company, due to costly repairs, posted 534 million pounds (884.2 million euros) in pretax losses for the year, compared to a 360 million pounds pretax profit in the 2000 fiscal year.

Sales, profits & dividends

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