Fear Over Value for Money of Network Rail Fund Agency Queries Priorities Agency Queries Priorities Exclusive

The HeraldOctober 29, 2009

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TRANSPORT Scotland has expressed misgivings about the borrowing mechanism it used to fund a GBP1 billion package of rail enhancements in the central belt, questioning whether it represented value for money to the taxpayer, The Herald has learned.

The government agency claimed that borrowing by Network Rail, the not-forprofit company that owns the UK's rail infrastructure, was a form of "unsupported debt" and said it had not been given evidence of its value to Scottish ministers.

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Fear Over Value for Money of Network Rail Fund Agency Queries Priorities Agency Queries Priorities Exclusive

Officials also questioned the priorities of Network Rail and its track record on delivering infrastructure improvements, calling for Scotlandspecific targets o ensure priorities north of the border c...

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