3993 documents
8863 accidents
Updated 20th May
3993 documents
8863 accidents
Updated 20th May
Email - Draft MinuteA draft minute sent to the Prime Minister prior to a meeting to discuss the solution to Railtrack's financial difficulties.
This document was published on 18th September 2001 by HM Treasury.
It was written by Sheila Morgan.
The original document format was PDF File, and comprised 9 pages.The original document can be found here.
This document was kindly sourced from Railtrack Private Shareholders Action Group and is in our Emails collection. It was added to the Archive on 12th June 2005.
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.
"1. The Chancellor and I have a meeting with you tomorrow to take stock of the work that officials and advisers have been doing on Railtrack. This note might serve as an aide-memoire for that discussion.
2. You will recall that Railtrack first came to us seeking support in January and that a package of measures was drawn up in April. The most recent approach makes clear that the company's underlying position wa's worse than either we or it recognised. A huge amount of work has now been done on the options before us. AIthough there is still much to do, and the picture still not absolutely clear, one fact stands out. This is a company that does not have full control of its business - and that does not know the underlying costs of that business. The key question is therefore whether we can continue to use public funds to prop up such a company and, if so, on what terms. And, of course, we have to take care to ensure that our decisions ensure the continued safe operation of the railway.
3. You will want to look through the attachments before we meet. These set out material on:
- Railtrack's revised proposal
- An alternative equity model
- A not-for-profit "Company limited by Guarantee"
- Costs/ financing - A key decision key/critical path."
15th October 1999
Private Eye No. 987 - Railtrack Disaster - Millions Lost
20th October 2000
Train Derailment At Hatfield: First HSE Interim Report
3rd November 2000
Private Eye No. 1014 - Railtrack Boss Spells It Out
23rd January 2001
Train Derailment At Hatfield: Second HSE Interim Report
5th July 2001
DfT Notes of Meeting Held with the Chairman of Railtrack on 27 June 2001
30th July 2001
DfT Notes of July 25th 2001 Meeting with Railtrack
31st July 2001
Email - Re: Renewco
31st July 2001
Project Ariel : Whether and How to Restructure the Industry
23rd August 2001
Executive Summary: The Treatment of Debt and Equity
29th August 2001
Email - re: Ariel
29th August 2001
Email - Re: Ariel
4th September 2001
Email - Re: Chx, PM, Byers trilateral on railways
14th September 2001
Email - Ariel treatment of lenders
16th September 2001
Email - Re: Update on Railtrack
18th September 2001
Email - Draft Minute
19th September 2001
Railtrack - Speaking Note
19th September 2001
Railtrack - Speaking Note (annotated)
20th September 2001
Email - Renewco Handling
21st September 2001
Email - NGCL - classification issues
24th September 2001
Treatment of Railtrack Debt And Shareholders
26th September 2001
Railtrack: Project Ariel
2nd October 2001
Email: Ariel Update
6th October 2001
DfT Notes of Meeting Held on 5 October 2001 between Stephen Byers and Tim Winsor
6th October 2001
DfT Notes of Meeting Held with the Chairman of Railtrack on 5 October 2001
6th October 2001
ORR Notes of Meeting on 5 October 2001 with the Secretary of State for Transport
6th October 2001
Telephone note between Rail Regulator and Railtrack PLC
7th October 2001
DTLR Press Release 07.10.2001
10th October 2001
Note of meeting between Rail Regulator and DfT's Permanent Secretary
11th October 2001
DTLR Press Release 11.10.2001
12th October 2001
DfT Statement on Meeting Between Stephen Byers and Railtrack on 12 October 2001
23rd October 2001
DTLR Press Release 23.10.2001
31st October 2001
DTLR Press Release 31.10.2001
8th November 2001
Notes of Regulator's Meeting 7 November 2001
25th February 2002
Concordat between the Strategic Rail Authority and the Office of the Rail Regulator
8th March 2002
Private Eye No. 1049 - Byers Confesses
August 2002
Hatfield Derailment Investigation: Interim Recommendations Of The Investigation Board
16th November 2004
Hatfield Report and Recommendations
24th July 2006
Train Derailment at Hatfield: A Final Report by the Independent Investigation Board
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