Network Rail should ‘open up to taxpayer’
Metro: By John Higginson, 12 March 2012
Train fares are too high because the government is failing to hold the rail authority to account, MPs warned.
Network Rail is ‘kept afloat’ by billions of pounds of taxpayers’ money but has a ‘lack of proper accountability and transparency’, the Public Accounts Committee said.
‘It is unacceptable that Network Rail is still not fully transparent or accountable to Parliament or the taxpayer,’ the report into costs at the Department for Transport found.
‘The Department hands Network Rail more than £3billion each year and underwrites debt of more than £25billion and yet maintains the fiction that this is a private sector company.’
Transport minister Norman Baker said Network Rail was committed to ‘making its decisions more accountable and is developing a transparency code in a similar vein to the Freedom of Information Act’.