Network Rail

Network Rail Limited
Company typeGovernment-owned company/non-departmental public body[1]
(incorporated as a private company limited by guarantee without share capital)
IndustryRail infrastructure and asset management
PredecessorRailtrack
Founded3 October 2002 (2002-10-03)
Headquarters1 Eversholt Street
London
NW1 2DN[2]
Key people
Andrew Haines (CEO)[3]
ProductsPublic transport
Revenue£11.5 billion[4] (2024)
Total assets£90.1 billion[4] (2024)
Total equity£18.4 billion[4] (2024)
OwnerHM Government (Department for Transport)
Number of employees
40,966[4] (2024)
Websitewww.networkrail.co.uk Edit this at Wikidata

Network Rail Limited is the owner (via its subsidiary Network Rail Infrastructure Limited, which was known as Railtrack plc before 2002) and infrastructure manager of most of the railway network in Great Britain.[5] Network Rail is a non-departmental public body of the Department for Transport with no shareholders, which reinvests its income in the railways.

Network Rail's main customers are the private train operating companies (TOCs), responsible for passenger transport, and freight operating companies (FOCs), who provide train services on the infrastructure that the company owns and maintains. Since 1 September 2014, Network Rail has been classified as a "public sector body".[6][7]

To cope with rapidly increasing passenger numbers, (as of 2021) Network Rail has been undertaking a £38 billion programme of upgrades to the network, including Crossrail, electrification of lines and upgrading Thameslink.

In May 2021, the Government announced its intent to replace Network Rail in 2023 with a new public body called Great British Railways.[8] In 2022 it was announced that this process would be delayed.[9]

  1. ^ "Our legal and financial governance structure". Network Rail. Archived from the original on 11 May 2016.
  2. ^ "Contact us". Network Rail. Retrieved 8 December 2019.
  3. ^ Cite error: The named reference board was invoked but never defined (see the help page).
  4. ^ a b c d Network Rail Limited's Annual report and Accounts 2024 (PDF) (Report). Network Rail. 25 July 2024. pp. 11, 173, 174. ISBN 978-1-5286-4863-9. Archived (PDF) from the original on 4 October 2024. Retrieved 4 October 2024.
  5. ^ "Network Rail". Archived from the original on 7 November 2007. Retrieved 25 May 2009.
  6. ^ Topham, Gwyn (28 August 2014). "Network Rail joins the public sector: but don't call it 'nationalisation'". The Guardian. Retrieved 12 June 2019.
  7. ^ "How we're governed and managed". Network Rail.
  8. ^ Cite error: The named reference GreatBritishRailways was invoked but never defined (see the help page).
  9. ^ "Great British Railways transport bill shelved". BBC News. 19 October 2022. Retrieved 26 November 2022.

Developed by StudentB