Wednesday 23 Jul 2003

NETWORK RAIL STATEMENT FOLLOWING ANNUAL GENERAL MEETING

Route:
National
Members at Network Rail’s inaugural annual general meeting today passed all the resolutions with overwhelming majorities.  Chairman Ian McAllister, chief executive John Armitt, deputy chief executive Iain Coucher and non executive director Jim Cornell were all reappointed as directors. After an address from the board, members received the report and accounts, before voting to re-appoint Deloitte and Touche as company auditors and approving the Director’s Remuneration Report. After the AGM Chairman Ian McAllister said: “Today was a significant day for Britain’s railway with Network Rail’s first annual general meeting.  “The meeting was a robust but productive one.  As is proper, the members held the board fully to account.  I am certain that all of the views expressed will inform our future thinking. “At the meeting, Network Rail executive directors delivered a series of presentations outlining our vital plans to improve safety, deliver better efficiency and cut delays.  I look forward to working with the members in the coming months and years to develop Network Rail’s plans for a safe, efficient & reliable railway.”

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About Network Rail

We own, operate and develop Britain's railway infrastructure; that's 20,000 miles of track, 30,000 bridges, tunnels and viaducts and the thousands of signals, level crossings and stations. We run 20 of the UK's largest stations while all the others, over 2,500, are run by the country's train operating companies.

Every day, there are more than 4.7 million journeys made in the UK and over 600 freight trains run on the network. People depend on Britain's railway for their daily commute, to visit friends and loved ones and to get them home safe every day. Our role is to deliver a safe and reliable railway, so we carefully manage and deliver thousands of projects every year that form part of the multi-billion pound Railway Upgrade Plan, to grow and expand the nation's railway network to respond to the tremendous growth and demand the railway has experienced - a doubling of passenger journeys over the past 20 years.

We are building a better railway for a better Britain.

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