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Sending the wrong signals Next week Railtrack publishes its third Network Management Statement. But has it lived up to last years promises?

The last few weeks have not been happy ones for Railtrack. First a leaked letter from the Health & Safety Executive to the Scotsman newspaper set off a round of stories over the persistently poor and unsafe condition of railway lines. Then it emerged that the company is looking to make a 25% saving on its annual track maintenance budget.

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