• Our new ticketing site is now live! Using either this or the original site (both powered by TrainSplit) helps support the running of the forum with every ticket purchase! Find out more and ask any questions/give us feedback in this thread!

Network Rail Debt

Status
Not open for further replies.
M

Morgsie

Member
Joined
3 Jun 2011
Messages
375
Location
Stoke-On-Trent
Someone asked me this question. Why has NR got debts of billions of pounds? (approx £25 billion)

I said I don't know.
 
Last edited:
Sponsor Post - registered members do not see these adverts; click here to register, or click here to log in
R

RailUK Forums

HSTEd

HSTEd

Veteran Member
Joined
14 Jul 2011
Messages
18,707
As I understand it Network Rail would have inherited a large part of the Railtrack debt at the effective renationalisation.
 
I

IanXC

Emeritus Moderator
Joined
18 Dec 2009
Messages
6,507
Thats my understanding too.

Network Rail has also borrowed against specific assets for certain upgrade projects too, take the Chiltern upgrade, for which the franchise pays a facility charge in respect of.
 
W

WatcherZero

Established Member
Joined
25 Feb 2010
Messages
10,272
Its also the main way of financing improvements as the Government doesnt really cough up enough hard cash. You want to spend £200m improving a major station or a billion on line improvements? NR borrows the money and repays it over a 30 year period by putting up track access charges.
 
Status
Not open for further replies.

Top