Interesting interview with Network Rail boss Mark Carne. Stressing the desire for Network rail to act differently and attract private funding on the back of their positive regional development and regeneration impact. A view mirrored by others in the industry.
“All over the country, we have seen the impact of rail improvements, new stations, new lines. When railways are introduced or upgraded, investment in housing inevitably follows as businesses choose to move or set up in or near those areas. “We know that rail investment, such as transforming stations, can drive regeneration. But we cannot continue to rely on public funding to do so. It is clear that we need to increasingly source funding from those people, authorities and businesses that directly benefit from better railways.” Although Network Rail is a public sector organisation, Carne argued his vision is that “we behave like a private sector business – relentlessly customer focused, cost-competitive, commercial and with a high-performance culture and a plan to deliver a railway fit for the future”. “Transformation is not a choice, it is a necessity,”