Anybody got [pounds sterling]15 billion? Railways.(Nasty choices on the railways)(government-guaranteed loan to United Kingdom's Network Rail)(Brief Article) From: The Economist (US) | Date: June 15, 2002 | COPYRIGHT 2002 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

A worse railway, a smaller network or higher fares: those are the options

THE railways are due to take a step back towards public ownership in the next few days. Network Rail, a not-for-profit company established by the government, is set to announce the terms of its [pound]500m offer to take over the assets of Railtrack, which was put into administration last October. At the same time it has raised a [pound]9 billion government-guaranteed bridging loan to enable it to r...