Railtrack reduced delays by only 10%, against a target of 12.7% set by the Regulator.
Railtrack, train operating companies and the Health and Safety Executive have to look at themselves.
Set out more clearly what it expected Railtrack to deliver on maintenance and renewal.
But a number of banks have since indicated they may be interested in buying Railtrack.
This will be used to buy out Railtrack's bondholders and pay off its debts.
This is part of the argument about the nature of the relationship with Railtrack.
The potential bidders are waiting for Railtrack's administrators to make information on the company's finances available.
In the financial year 2000-01, Railtrack's last full year before administration, punctuality averaged 79.1%.
As well as better incentives, Railtrack, like the rest of the industry, needs stronger leadership.
Railtrack has some strong cards to play in what will be a lengthy negotiation.
Railtrack, which was then responsible for railway infrastructure, wrote to the council during the planning process.
The commercial and legal interactions between train-leasing companies, train operators, track-maintenance companies and Railtrack are mind-boggling.
You could argue that many of Railtrack's problems were simply down to bad management.
Railtrack's biggest single re-railing operation is on more than seven miles of track south of Durham.
Thames Trains and Railtrack were both criticised in a public inquiry report by Lord Cullen.
It will be paid from a government loan given to the administrators who are currently running Railtrack.
Railtrack, he points out, gains only marginally from increased fare revenues, thus minimising its incentive to invest.
It seems perfectly sensible that Railtrack should therefore decide to carry out emergency repairs across the network.
In 1999 Railtrack urged Ashfield District Council to make a bridge part of conditions for new housing.
It says that Railtrack's adversarial relationship with the regulator, Tom Winsor, has contributed to its falling credit rating.
Set and keep to a timetable for removing deficiencies in its information on the condition of Railtrack's assets.
Network Rail's pleas are likely to raise a wry smile from the former chairman of Railtrack, John Robinson.
ECONOMIST: Network Rail's deteriorating performance is under attack
In its southern zone alone, Railtrack has more than 50 staff engaged in attributing blame for train delays.
The first is to alter the pricing system that connects the train operators, Railtrack and the rolling-stock companies.
The train operators claim that privatising the rail network as a monopoly has given disproportionate power to Railtrack.
Ensure that key elements of the monitoring information from Railtrack were independently verified.
What we now need to do I think is to look again at the role that Railtrack can play.
Both Railtrack and the train operators are under great pressure to improve performance.
Railtrack was forced into bankruptcy when Mr Robinson told ministers that it could not continue without additional government funding.
ECONOMIST: Network Rail's deteriorating performance is under attack
The current chaos and the need to redefine Railtrack's role make it almost impossible to reach long-term franchise agreements.
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