September 22, 2014 12:18 PM ET

Transportation Infrastructure

Company Overview of Network Rail Limited

Company Overview

Network Rail Limited, together with its subsidiaries, owns, operates, and manages railway infrastructure in the United Kingdom. Its railway infrastructure includes tracks, signals, tunnels, bridges, viaducts, level crossings, and stations. The company also leases small offices, warehouses, light industrial units, and railway arches to small and medium sized enterprises; various residential properties, which include garden and amenity land, small commercial lettings, private residential parking spaces, and temporary rights of access; and grants easements and wayleaves to statutory providers of utilities and telecom networks, and licenses for commercial companies to run pipes and cables. In ad...

Kings Place

90 York Way

London,  N1 9AG

United Kingdom

Founded in 2002

34,000 Employees

Phone:

44 20 3356 9595

Key Executives for Network Rail Limited

Chief Executive and Director
Age: 55
Group Finance Director
Age: 46
Managing Director of Network Operations
Age: 57
Route Managing Director for Western
Chairman of Rail Freight
Compensation as of Fiscal Year 2014.

Network Rail Limited Key Developments

Network Rail Announces CEO Changes

Network Rail has announced that Mark Carne, formerly executive vice president for the Middle East and North Africa for Royal Dutch Shell, is to be its next chief executive. Mark will join the organization on 6th January 2014 before formally taking over as chief executive from David Higgins on 1st April 2014. As executive vice president for Shell in the Middle East and North Africa, Mark was responsible for the company's business in a vital but volatile region at a time of significant political change.

Network Rail Limited Announces New Series of Projects

Network Rail Limited has announced a series of projects, worth nearly GBP 40 million, aimed at improving the reliability of the infrastructure and punctuality of train services on Britain's mixed-use railway line. The projects, many of which are already underway, have been specifically targeted to improve performance on the West Coast Main Line and range from overhead line improvements to new security fencing to reduce delays caused by trespass and vandalism. To complement this work, Network Rail is changing the way it stores and analyses overhead line condition data which is captured by two specially adapted Pendolino trains. This change will enable the data to be analyzed and essential maintenance work to be completed much more quickly. Around GBP 10 million will be invested to construct more than 11 miles of new fencing along the railway between London and Rugby at key locations, reducing the risk of incursions from people or livestock onto the track. Network Rail is also working with London Midland and Samaritans to put in place suicide prevention measures at London Midland stations between Watford and Milton Keynes. Further north, a major project over 18 miles of railway near Wigan will see new junctions and track installed over nine days in July 2013. In the longer term, similar infrastructure improvements in the Watford area will be getting underway in 2014.

The Office of Rail Regulation Fines Network Rail and GT Railway Maintenance Ltd for Causing Death of Rail Worker

Network Rail and GT Railway Maintenance Ltd. (trading as Carillion Rail) were fined a total of £318,125 and ordered to pay costs of £180,000 following a prosecution brought by the Office of Rail Regulation (ORR) for breaches of health and safety law which led to the death of Mr. Liam Robinson, a GT Railway Maintenance employee, in Stafford in 2003. On 30 September 2003, employees of GT Railway Maintenance were carrying out routine maintenance on a rail engineering machine owned by Network Rail when an electrical fault caused part of the machine to move whilst one of the workers, Mr. Robinson, was working inside it. He was trapped by the moving parts and subsequently died due to the injuries sustained.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 7, 2014
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