Manchester Piccadilly Station Could Be Sold To Cut Costs

It has been claimed that Manchester Piccadilly station could be sold to developers or shopping centre landlords, as rail chiefs attempt to plug a £50 billion hole in Network Rail's finances.

Reports suggest that state-backed Network Rail is considering selling off major stations across the country. Although the individual stations that could fall into private hands have not yet been officially identified, experts suggest that Manchester Piccadilly could be a candidate.

The station is one of the busiest in the country, and sees around 25 million journeys every year.

It is thought the government is also looking at ways of making use of redundant spaces owned by Network Rail in order to raise extra funds. In the past, land under bridge arches has been rented out to firms for use as nightclubs and bars.

A spokesman for Network Rail said, "Generating funds to invest in building a bigger, better railway is at the core of our disposals strategy.

"We're taking a long hard look at our assets, ensuring we keep what we need to grow and expand the railway, but then looking at ways we can realise best value from the rest to invest."

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