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Thursday, June 13, 2024

Network Rail to sell plant subsidiary

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Network Rail Infrastructure Limited has announced it intends to sell its subsidiary, Network Rail (NDS-Plant) Limited, only four months after setting it up.

The NDS-Plant division was set up in November after Network Rail ‘rescued’ equipment supplier Hydrex from administration.

Hydrex was the largest provider of road-rail vehicles to the industry and ‘vital for Network Rail’s Christmas maintenance plans’.

Martin Elwood, director of Network Rail’s National Delivery Service, said:

“Our plan is to continue to deliver high levels of safety and performance while Network Rail seeks a suitable buyer for NDS-Plant.”

Network Rail is consulting directly with NDS-Plant staff, trade unions, customers, contractors and the Office for Rail Regulation regarding the proposed sale, which will be via an open tender process.

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