BRITAIN TO PRIVATIZE
RAILTRACK NEXT YEAR
BLACKPOOL, England - The government will privatize Railtrack, which owns Britain's rail track system, next spring, Transport Secretary Sir George Young said Wednesday.
"To maintain our policy momentum, I can announce that we will sell shares in Railtrack next spring," he told the ruling Conservative Party's annual conference.
He did not say how much of Railtrack the government would float, nor did he indicate its stock market value.
Plans to privatize Railtrack have run into increasing problems in recent months, and opposition Labor Party spokesman Michael Meacher warned prospective investors last week that they risked buying a "pig in a poke."
But Sir George said the government was confident in its rail policies, which he said would arrest the decline in the nation's railroads of the last 50 years.
LOCOMOTIVE SLAMS VAN,
KILLING 1 IN KENTUCKY
JOHNS CREEK, Ky. - One person was killed and another severely injured after the van they were in was struck by a locomotive at an eastern Kentucky railroad crossing.
Kentucky State Police said Sylvia Rowe, 69, of Pikeville, Ky., died in the crash, which occurred at Meta in Pike County.
Raymond Syck, 68, of Meta, was listed in stable condition Wednesday in the neurosurgery intensive care unit at the University of Kentucky Medical Center in Lexington.
A CSX Transportation Inc. locomotive hit the van as it was crossing the tracks at the junction of U.S. 119 and Kentucky 194.
The van was pushed about 100 feet and over an embankment.
Police said the signals at the crossing were operating.