Independent journal on economy and transport policy
01:36 GMT+2
Railtrack had bills of £1.8bn
(The Times)
February 4, 2002
By James Doran
ERNST & YOUNG, the Railtrack administrator, was confronted with unpaid bills of close to £1.8 billion when it took over the crippled rail network last October.
The number of creditors lining up for payment was so huge that the accountancy firm was forced to pay out more than half of the £3.5 billion that it had been given by ...... Read more on The Times
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