Scramble Over Railtrack's Remains Though the government plans to turn Railtrack into a non-profit trust, it is also considering raising private money for the newtork from banks such as the German WestLB. Investors will have to wait until Monday to find out if Railtrack can keep the Channel tunnel rail-link to help compensate shareholders for the network operator's collapse. Stephen Byers, the transport secretary, met senior directors on Friday the 11th to begin negotiations about which assets Railtrack Group could keep after the Railtrack plc infrastructure-operating subsidiary was put into administration. See also more FT stories, "Railtrack offered government entire company" and "(October 13th)

Stakeholders Take Over Railtrack Railtrack will become a not-for-profit company owned by the train operating companies, the freight companies, the rolling stock leasing companies, passenger groups and the unions. The group will, for the next few months, be run by the administrators, said to be Ernst and Young, the accountancy company. It will then be turned into a company limited by guarantee, similar in structure to housing associations and port authorities. (October 7th)