PUBLIC OWNERSHIP OF RAILTRACK

Early day motion 563, tabled 9 April 2001 by Austin Mitchell (Labour). Signed by 43 members.

That this House notes the manifest failure of Railtrack to provide for public safety adequate maintenance, or proper service so that now as a result of its own incompetence it is in a desperate financial situation and is kept going only by massive injections of public money; calls on Her Majesty's Government to use the time available now that the election has been postponed to introduce a bill for the renationalisation of Railtrack, paying compensation at the lowest share price reached so far on the basis of exchanging public debt for shares so that in the new Parliament Railtrack can become the firm publicly-owned base for the development of an effective modern railway system comparable with those in other European countries.

Signatures by party: Labour 38, Labour/Co-operative 4, Plaid Cymru 1.