UK shortlists for the next four rail franchises
Article Abstract:
The InterCity East Coast, Midland Mainline, Network South-Central and Gatwick Express franchises have a number of short-listed candidate companies, according to OPRAF, the British rail franchiser. Pre-qualifying bids for Cardiff Railway and South Wales & West Railway franchises have also been requested, with the additional possibility of the West Coast Main Line franchise in the near future. Each franchise will be offered as a 15-year contract, on the condition that the franchise company invests in rolling stock and that the service is relatively inexpensive.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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Railtrack float launched
Article Abstract:
The sale of Railtrack, the United Kingdom British Rail company, is expected to go ahead during 1996, barring unforeseeable hold-ups such as an early general election. 30% of the shares will be offered to the retail sector, with institutional investors being offered a book-built, open-priced international tender offer. All shares in the company will be sold so that no protection against foreign take-over will be provided, although a future Labour government's reversal policy is covered.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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Buyer for UK Transport Research Lab
Article Abstract:
The Transport Research Laboratory will be sold to the Transport Research Foundation (TRF) by the end of Feb. 1996. The TRF, a non-profit distributing company, is seen as the ideal organisation for continued research into a variety of transport issues in the United Kingdom. The National Engineering Laboratory is now part of Assessment Services Ltd., a Siemens subsidiary, with a negative transfer price of nearly two million pounds sterling.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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