Monday 23rd June
2003
The broadsheets contain articles
ref Executive pay of Network
Rail’s top management.
Best story is from the Independent:
Clayton Hirst (Labour
challenge on £565M Stansted
shortfall) –
Consultants Berkeley Hanover
challenge the Governments estimate
if £1.88bn for road and
rail infrastructure to support
new runways and infrastructure
at Stansted saying the cost
will be £2.45bn and challenging
the South East Regional Aviation
Study (SERAS) – reported
as predicting that 3 new runways
at Stansted would generate up
to 270,000 average daily car
trips by 2030 and 43,000 rail
journeys. Transport Watch comments
– these numbers may be
incorrectly quoted e.g. currently
there are some 13 million arrivals
plus departures per year at
Stansted, (Transport Statistics
Great Britain Table 7.1). Dividing
by 365 yields only 37,000 per
day.
Week ending 31st June
2003
Main news stories were:
- The bonus payments to Network
Rail’s top management
totalling £1.8 million
despite the failures of the
company
- The termination of the
Connex rail franchise by the
SRA. The alleged reason was
the loose financial management
of Connex climaxing with the
need for an additional £200
million. Transport Watch comments:
Connex’s performance
may be compared with performance
of the parent bodies (the
SRA/Network Rail/Railtrack)
where the overspend seems
to be at least 10 times that
of Connex’s. Separately
from that one wonders whether
we are seeing another Byers
fiasco (placing Railtrack
in receivership), but on a
smaller scale – the
Byers fiasco led to legal
and other costs of £90
million).
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