HMT wants NR’s asset sales cash

Rail

26 May 2017
 

The Treasury has blocked Network Rail’s plans to use funds from asset sales to deliver enhancement schemes, according to the minutes of a Network Rail board meeting.

In November 2015 Network Rail chairman Sir Peter Hendy recommended asset sales to raise £1.8bn to help fill a funding gap in NR’s troubled enhancement programme for Control Period 5 (2014/15-2018/19). 

The Telegraph reported last  summer that PwC, Rothschild,  Citigroup, KPMG, and Deloitte had all...

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