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Acquisition of freight sites
List of 2014 freight site acquisitions (32 KB)
On 31 March 2014 we unconditionally exchanged contracts on a deal to transfer ownership of more than 100 key rail freight sites across Britain from three of the country's biggest freight operating companies to Network Rail. A universal completion date has been set for 31 st October 2014.
With freight market growth predicted to more than double over the next 30 years, the acquisition of more than 100 leasehold sites from DB Schenker, Freightliner and GB Railfreight will help us to make better use of the network, providing improved access to freight operators and adding capacity at critical points on the East Coast and West Coast main lines.
Consolidating ownership and management of a large part of Britain's rail freight infrastructure will allow for far better long-term strategic management and development. It will make more sites available to more operators, increasing competition and driving growth in a sector which directly contributes almost £900m to Britain's economy each year and supports an economic output of £6bn.
In 2012 we consulted on the proposal to acquire a number of property interests of DB Schenker Rail (UK) Limited. Following industry consultation it was decided not to proceed with the proposal. In response to comments made during the industry consultation process we have undertaken the following: