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We
operate successful partnerships to provide services people
rely on everyday. Our PFI and PPP activities in the health
sector are already providing facilities for thousands
of people. Partnerships with police forces in London and
Manchester will deliver 20 new police stations. |
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market
opportunity...
The
privatisation of Britain’s national rail network
created
many fresh opportunities for organisations interested
in investing in various combinations of infrastructure
projects and passenger services previously owned and
managed by the public sector. Following the offer
for sale in 1996, the rail network became the property
and responsibility of Railtrack as system providers
while a number of companies took responsibility for
providing passenger and freight services.
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"
The success
of Laing Investments’ majority shareholding
in Chiltern Railways is directly related to
the productive partnerships the company has
developed with several key organisations.
In particular,
Chiltern’s ability to work alongside Railtrack
has played a pivotal role in enabling the company
to expand and improve its service over the past
five years. Speaking at the time of the announcement
of Chiltern Railways’ new franchise, Dick
Fearn, Railtrack’s Director for the Midlands
Zone, said: ‘Our success in working with
Chiltern Railways to provide the infrastructure
they need has already resulted in this being
voted Britain’s best rail route. The additional
investments announced today will enable this
line to go from strength to strength and we
are delighted to continue to play our part.’
Laing Investments
will now be facilitating further investment
of
£371 million over the 20 years of its
newly-awarded and highly successful franchise."
Alan
Chaney
Director, Laing Rail
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strategic
response...
As
a leading investor in
infrastructure programmes, with considerable experience
of developing road and rail construction projects
and their subsequent management, Laing immediately
saw that a major investment in a train operating company
would be a natural and valuable extension of its existing
portfolio. Laing Investments is now the major shareholder
in Chiltern Railways, widely recognised as Britain’s
most successful train operator and the first-ever
to be granted a 20-year franchise by the Strategic
Rail Authority.
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| Copyright
© 2001 John Laing plc |
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OPERATING REVIEW:
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Financial Review
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