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R A I LT R AC K - The Railways Archive

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In this section, we set out the structure of the NMS and place it in the context of the Rail Regulator’s periodic<br />

review of Railtrack’s access charges. We describe the existing incentives framework for the industry and how we<br />

believe this should change to facilitate growth. Finally, we outline the institutional context for the NMS – the<br />

Government’s Integrated Transport Policy and the proposed Strategic Rail Authority, links with regional and local<br />

governments, and European Union proposals for pricing and technical harmonisation.<br />

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