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Railtrack rescued by government bail-out

By 2001-05-01T10:00:00

KEY STATEMENTS issued on April 2 have altered significantly the relationship between the government and Railtrack, the company that owns and manages Britain’s national rail infrastructure. Payment of a £1·5bn subsidy agreed with the Rail Regulator as recently as January will now be brought forward from the 2006-11 period to ...

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