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A transcript of a meeting between the Railtrack Board and the Rail Regulator; one of a series held during 2000, as Railtrack attempted to manage the financial fallout resulting from the dropping of moving block signalling from WCRM.
This document was published on 12th September 2000 by Office of Rail Regulation.
It was written by Office of Rail Regulation.
The original document format was PDF File, and comprised 39 pages.The original document can be found here.
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"Good morning and welcome to the final hearing on the periodic review of Railtrack's access charges. This review has been a long and intensive process for the industry as a whole and we have received very detailed and useful responses to our consultation and I expect that my final conclusions will result in a much more robust financial framework to
facilitate efficiency and investment in the industry.
Railtrack has already made extensive submissions following the publication of my draft conclusions on the 27th July 2000 and these will continue to be considered before I reach my final conclusions. This hearing therefore provides you with a further opportunity to explain the key elements of your position to me personally and to my full board. We will therefore be mainly in listening mode today, and almost all the issues which are likely to be raised today have already been discussed with you in detail before today. So if we are silent on a particular issue that should not be misconstrued as assent to a particular proposition or position."
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