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Railtrack was a group of companies that owned the track, signalling, tunnels, bridges, level...

Railtrack was a group of companies that owned the track, signalling, tunnels, bridges, level crossings and all but a handful of the stations of the British railway system from its formation in April 1994 until 2002. The Company was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index but on 3 October 2002, the main operating arm - the owner and operator of the national railway network, Railtrack PLC - was sold by its parent company Railtrack Group plc to "not for dividend" company Network Rail (a company limited by guarantee) and was later renamed Network Rail Infrastructure Ltd. Railtrack Group plc has been renamed the RT Group, is currently in members' voluntary liquidation and will remain in existence until the final liquidation payment is made to shareholders in 2009. Founded under Conservative legislation that privatised the railways, Railtrack took control of the railway infrastructure on 1 April 1994 and was floated on the Stock Exchange in May 1996. The fatal accidents at Southall in 1997 and Ladbroke Grove in 1999 called into question the effect that the fragmentation of the railway network had had on both safety and maintenance procedures. In