UK rail franchising proceeds apace

Article Abstract:

The U.K. government has awarded the first four rail franchises as part of its rail privatisation scheme. Sea Containers' Great Northern Railway arm has been awarded the franchise to operate the InterCity East Coast route and will be awarded a subsidy of 64.6 million pounds sterling in 1996-97, falling away to zero by 2002-03. Coach operator National Express Group has won the franchises for the Gatwick Express and Midland Mainline, defeating competitors Virgin and a British Airways-backed management buyout team, while foreign rail company London and South Coast, an arm of Compagnie Generale des Eaux, has been awarded the Network SouthCentral franchise.

Usage, Contracts, Franchises, National Express Holdings Ltd., Great Northern Railways, Lodnon and South Coast

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Colombia rail franchises

Article Abstract:

Colombian state railway monopoly Ferrovias will offer most of its railway system to private bidders by end-1996. Auctions are set to start in July 1996 and concessions should be awarded by the end of the year. A scheme has been devised by Spanish railway company Ineco and U.S. investment bank Socimer to split the network into two, unequal portions, comprising a total of 1,880 km of track. Some uneconomical parts of the system will remain in state hands.

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Rail journey in Australia

Article Abstract:

The Australian government has decided to privatize its rail system with the announcement of the sell-off of Australian National Railways and its majority stake in National Rail Corp. The sale of the company, which reported a loss of A$250 million in 1995/96, is expected to be completed by end-June 1997. The government will keep control of the rail infrastructure through a new National Track Authority.

Holding companies, not elsewhere classified, Offices of Other Holding Companies, Railroad Holding Companies, National Rail Corp., Australian National Railways

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