London & Continental Railways (LCR) will announce reforms this week that will commit the company to maximising its future sale value and minimising its use of public-sector money.
LCR is at a critical stage of completing the £5.2bn high-speed Channel tunnel rail link.
One of the reforms will be to look at possible commercial opportunities to create value. The reforms come in the wake of the government’s decision to cancel plans for a bidding process to sell the company.
References: Financial Times 06/04/06 page 4
