Network Rail debt breaches £28bn on higher spending

Rail infrastructure company debt soars due to a rise in capital investment, but profits also rise from £136m to £573m The net debt of rail infrastructure company Network Rail (NR) has soared to more than £28bn, it has been announced. The company said its net borrowings had risen from £27.2bn at the end of March 2012 to just over £28.04bn at the end of September 2012. NR said the increase was not unexpected and was primarily due to the funding of capital investment and to a lesser ...