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Re-appraisal of the Plan for the Modernisation and Re-equipment of British Railways

Document Summary

A detailed assessment of the achievements and failures of the modernisation plan after its first five years.

This document was published in July 1959 by Her Majesty's Stationery Office.

It was written by British Transport Commission.

The original document format was Stapled Book, and comprised 54 pages.

This document was kindly sourced from John Salmon and is in our Financial & economic reports collection. It was added to the Archive on 2nd February 2006.

Copyright Information

This document is Crown Copyright, and is subject to the terms governing the reproduction of crown copyright material. Depending on the status and age of the original document, you may need an OPSI click-use license if you wish to reproduce this material, and other restrictions may apply. Please see this explanation for further details.

"This Re-appraisal comes some four years after the Plan for the Modernisation and Re-equipment of British Railways, and constitutes a complete review of the Plan in the light of economic and technical developments which have occurred since its conception and of future economic and technical trends. The terms of reference of the Re-appraisal have been agreed with the Ministry of Transport and Civil Aviation, and it is divided into three main parts, as follows : -

Part I - An account of the achievements under the Modernisation Plan to the end of 1958, and the benefits obtained.

Part II - A detailed re-examination of the future course of the Modernisation Plan, with particular reference to the next five years, related to the future size of the railway system that will be needed in view of current economic developments and future expected requirements.

Part III - A re-appraisal of the economics of modernisation in the light of Part 11, and the steps necessary to achieve the earliest possible break-even date based on an up-to-date assessment of future traffics, costs and economics."