Martin Clark <[EMAIL PROTECTED]> wrote: >The government announced a "review" of British Waterways' model for >managing its canal-side property portfolio. It didn't say that it was >going to sell it off, although that is always one of the possible >outcomes from the review.
I suspect that this is as a result of the recent KPMG report on the structure of BW, which suggested a restructuring of BW which includes separating its property and investment operations from the public sector bit, and putting the former into a new private sector company run by BW. The study also concluded that the only apparent way BW could overcome the shortfall between what it needs to spend each year to run the waterways and its income was to get *more* out of investing in property, so I think it unlikely that the government is now planning to confiscate the current property portfolio.. Adrian Adrian Stott 07956-299966
