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Network Rail is a state owned business whose debts are backed up by government. Network Rail owns and operates the UK's railway infrastructure. Their stated objective is "Building a safer, smarter, bigger, greener network – every day."
It is achieving rising
revenues but remains heavily reliant on state subsidy -
there is plenty of applied business economics in this article if you read through. It runs a network
creaking under capacity constraints - passenger numbers are growing well ahead of forecast. 529 million more passenger journeys per year have been completed on time compared to 2002 but Network Rail faces problems over failing to meet tougher punctuality targets.
Key funding streams for Network Rail
- £2bn (c.$3bn) in charges from Train and Freight Operators
- £250m (c.$375m) from real estate
- £4bn (c.$6bn) in DIRECT government funding
Network Rail reported it had made a
record annual investment in the year to March 31, 2013, on Britain’s
railways, spending £5bn at a rate of £14m a day on 2,000 projects
nationwide. Here is one example - the Borders Railway Project will connect the Borders with Edinburgh for the first time in 40 years
More here from their investor relations site
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