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Another year of change for passenger transport sector
Soaring oil prices, an increasingly difficult economic climate and a new transport secretary. Transit recalls some of the most significant events of the last 12 months
It was a difficult start to 2008 for Network Rail. The infrastructure controller came under fire after engineering works over Christmas and New Year overran by several days. It coincided with the company’s chairman, Sir Ian McAllister, being awarded a knighthood in the Queen’s New Year’s Honours List.
The auction of Laing Rail concludes with Deutsche Bahn agreeing to pay fund manager Henderson a very full price of around £130m, so securing the...