Friday, 1 July 2011

Economics | Infrastructure | Regulator warns rail industry to reduce costs

The railway industry is “on notice” that it has to cut costs to continue receiving recent levels of government investment, according to the new head of the industry’s regulator. Richard Price, who takes over on Monday as chief executive of the Office of Rail Regulation, was speaking in the wake of the McNulty review, which said costs could be cut by 20 to 30 per cent over the next eight years. See full article in the FT by clicking here.

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