The Treasury has blocked Network Rail’s plans to use funds from asset sales to deliver enhancement schemes, according to the minutes of a Network Rail board meeting.
In November 2015 Network Rail chairman Sir Peter Hendy recommended asset sales to raise £1.8bn to help fill a funding gap in NR’s troubled enhancement programme for Control Period 5 (2014/15-2018/19).
The Telegraph reported last summer that PwC, Rothschild, Citigroup, KPMG, and Deloitte had all...
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