The current operator, London Underground Limited (LUL), is a wholly owned subsidiary of Transport for London (TfL), the statutory corporation responsible for the transport network in London.
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The current operator, London Underground Limited (LUL), is a wholly owned subsidiary of Transport for London (TfL), the statutory corporation responsible for the transport network in London.
In the early 2000s, London Underground was reorganised in a Public-Private Partnership (PPP) as part of a project to upgrade and modernise the system. Private infrastructure companies (infracos) would upgrade and maintain the railway, and London Underground would run the train service.
Ownership of the British railway system has been hotly contested since it was first nationalised by Labour Prime Minister Clement Attlee in 1948, then reprivatised by Conservative Prime Minister John Major in 1993.
Who owns and runs the UK's railways? Britain's rail network was first nationalised by Labour Prime Minister Clement Attlee in 1948 and then privatised again under Sir John Major's Conservatives in 1993. Network Rail, which runs railway infrastructure in England, Scotland, and Wales, is publicly owned.
The rest of the streets are the responsibility of the London boroughs – or natural person or corporate owners predominantly in the case of the tiny percentage of roads that are private roads, and over which the law provides for shared responsibilities with users in the case of public rights of way.
In some cities, including London and Reading, for instance, the bus network operates as a not-for-profit by the local government. This helps to keep fares relatively low and services of good quality. In other areas, however, routes are run by private companies.
Bus fares in London are subsidised to the tune of nearly £1bn a year, as Stagecoach observed in your article. As it is, there are four times more bus trips than rail, which gets a subsidy of £5bn a year.
America's freight railroads are almost entirely privately owned and operated. Unlike trucks and barges, freight railroads operate overwhelmingly on infrastructure they own, build, maintain and pay for themselves.