NAO to investigate Railtrack
Railtrack is to face a National Audit Office investigation as part of a wider probe into rail regulation and the costs of the company's administration.
Sir John Bourn, head of the NAO, has written to Tom Winsor, the rail Regulator, saying the inquiry is in its preliminary stages but would begin in earnest by the end of the month.
The NAO told the regulator: ‘We have decided on a report with a broad remit to determine whether the way in which the railway is regulated is still appropriate given a big rise in the volume of traffic.’
The public finance watchdog went on to say it would also look closely at costs associated with Railtrack since it was forced into administration last October.