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Transport - Railtrack

In 1996 Railtrack executives described travel on Britain's railway artery of the future where high-speed airline-style trains would whisk passengers up and down the country at 140 miles an hour. Futuristic computerised signalling would constantly calculate how fast trains should travel, enabling slow commuter services to mix with expresses. Passengers would delight in a speedy and reliable service - at last. It has not happened. Railtrack is shortly to become an ex-rail company and the government is left sorting out the mess. The West Coast Mainline has become the biggest fiasco in the short history of rail privatisation. It has become quite normal for big engineering projects on the railways to fail to meet their own deadlines.

By this year, Richard Branson's new Pendolino trains were supposed to be living up their name, and tilting around bends at 125 miles an hour. Some Pendolinos have been in operation this year, during the Manchester Commonwealth games. But most have been withdrawn while driver training is carried out. And they do not yet tilt, because the track still needs work. Much of the £9.8bn is being spent on replacing worn out track - a legacy of years of under-investment. The rest will go on redesigning the bottlenecks - straightening a bend here, adding a flyover there, to enable high-speed trains to shoot past without delays. The signalling will have to be improved as well. By 2005 the top speed should have been 140mph - cutting an hour off the journey time to Glasgow.

The Strategic Rail Authority has now abandoned that goal because it believes the vast cost of improving the track to 140mph standards would not be value for money. It might happen one day, but no-one is holding their breath. Virgin has spent £1.2bn on its new trains, which have impressed the few passengers who have travelled on them. Because they will not be able to reach their top speed, Virgin will need up to 10 extra trains, costing more than £200m, to maintain the frequency of the planned timetable. The company has already been paid £100m in compensation for the problems with the project, and is likely to want much more. The SRA is hoping passengers will forget the slower speeds of their trains when they realise they're more likely to arrive on time.

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