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Network Rail takes next key step towards devolution
The organisation of Network Rail is evolving today as the company takes another landmark step towards devolution, which means that nearly all investment decisions will be taken at route level from now on. The reform, which had been planned well before the election was called, is happening in the wake of the renewed debate about railway ownership which was sparked by the premature publication this week of Labour's manifesto and its plans to renationalise passenger operators, and is also taking place against the background of planning for the next budget period CP6.
Monday, 15 May 2017
Financial Times
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Bus and Coach.com
Railnews
- Network Rail takes next key step towards devolution The organisation of Network Rail is evolving today as the company takes another landmark step towards devolution, which means that nearly all investment decisions will be taken at route level from now on. The reform, which had been planned well before the election was called, is happening in the wake of the renewed debate about railway ownership which was sparked by the premature publication this week of Labour's manifesto and its plans to renationalise passenger operators, and is also taking place against the background of planning for the next budget period CP6.
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