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Wednesday, 24 October, 2001, 11:50 GMT 12:50 UK
Byers appoints new rail chief
Stephen Byers and Richard Bowker
Richard Bowker: 'delighted to accept the offer'
Transport Secretary Stephen Byers has appointed Richard Bowker as chairman of the Strategic Rail Authority (SRA).

The 35-year-old co-chairman of Virgin Rail will become one of the most powerful men in the struggle to overhaul the UK's ailing rail industry.

He will replace Sir Alistair Morton, who retires on 14 December.

Mr Bowker will oversee the workings of Britain's rail network, including the operation company being created from Railtrack, which was put into administration earlier this month.

And he will also oversee the publication of the eagerly-awaited strategic plan for the railways expected in the near future.

'Just the person'

"Richard Bowker is just the person for this vital role. He knows the railways well and commands respect in the industry," said Mr Byers.

Mr Bowker will bring "fresh ideas for everything from broad strategy to improving passengers' day to day experiences," he added.

One of the greatest challenges facing Mr Bowker will be to ensure that the new company created from the ashes of Railtrack will deliver the government's goals.

On Tuesday, Mr Byers said the company he was proposing as a replacement for Railtrack would do much to address the current problems in the industry.

The new company is still only at proposal stage, and the government is also keen to encourage bids from private companies to run Britain's rail network.

The transport secretary outlined the priorities of the SRA as follows:

  • delivering a better deal for passengers

  • implementing the new Strategic Plan for the industry

  • growing passenger numbers and the freight market

  • driving forward the £60bn 10-year investment programme.

    Blow to Branson

    Mr Bowker's departure is expected to be a blow to Sir Richard Branson, who is understood to have tried to persuade him to stay.

    And some rail companies are reportedly worried that the choice could lead to preferential treatment for Virgin.

    Mr Bowker's career has focused exclusively on the rail industry, having started out as a development manager responsible for financing with London Underground.

    The basic salary has been agreed at £250,000 a year, with the potential for a performance bonus of up to £50,000.

  • See also:

    23 Oct 01 | Business
    New Railtrack will be a 'good risk'
    24 Oct 01 | Business
    Tough challenge for new SRA boss
    23 Oct 01 | Business
    Row brews over new rail chief
    22 Oct 01 | Business
    Byers set to appoint new rail chief
    16 Oct 01 | Business
    Rail chief warns over revamp cash
    11 Oct 01 | Business
    German bank 'eyes UK rail network'
    08 Oct 01 | Business
    Rail users promised 'fresh start'
    08 Oct 01 | Business
    Railtrack in administration
    07 Oct 01 | Business
    Railtrack privatisation 'flawed'
    22 Oct 01 | Business
    National Express shares plunge 30%
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