[Albert Owen in the Chair] — Rail Investment

Part of the debate – in Westminster Hall at 3:37 pm on 17 February 2011.

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Photo of Kelvin Hopkins Kelvin Hopkins Labour, Luton North 3:37, 17 February 2011

One of the problems is that the railways are long-term and expensive and private companies have short-term balance sheets. Inevitably, the tendency is to sweat the assets to maximise profit in the short term and leave long-term considerations to others.