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DfT set to support freight track access extension proposal

Freight

13 July 2021
 

A consultation on a proposed five-year extension of the track access rights for rail freight operating companies (FOCs) has closed. The DfT said it supported the extension in principle.

All FOCs in Britain were granted track access rights for 10 years in 2016, but the pandemic created a liquidity gap last year, with owners and shareholders having to inject capital and undertake additional debt to sustain the businesses. Early assurance on track access up to 2031 would assist with repayment and...

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