Network Rail looks at privatising part of its network after DfT savings demand - report

Network Rail is reportedly considering privatising part of its network in "a simple area of the country where there are only a few train companies in operation," The Independent reports.

Transport ministers have written to Network Rail saying it will need to contribute to the cuts of up to 40% demanded by the Treasury. Network Rail is looking at selling surplus property. More controversially, The Independent claims in its report, "they have asked the investment bank Rothschild to look into part-privatisation through selling a small stake in the group.

"This investor would be given a concession to run railways in a simple area of the country... Some Network Rail executives think including the private sector in its ownership structure would act as a 'political buffer,' preventing ministers from meddling with the group because they would have to consider the interests of a third party."