Network Rail chief executive Sir Andrew Haines has announced his retirement before the creation of Great British Railways, which will take over its functions.
The King’s Speech included a draft Bill to create a new public sector body to overhaul Britain’s railways following speculation that the plan would be dropped.
Plans to shake up the railway network may be watered down as legislation to give powers to a proposed new public sector body could be delayed, it has been reported.
The headquarters for the new public sector body to oversee Britain’s railways will be announced in the “not-too-distant future”, the Government has said.
The creation of a new public sector body to oversee Britain’s railways will simplify a system that is “too complicated”, Transport Secretary Grant Shapps said.
