Definition of Railtrack from the Oxford Advanced Learner's Dictionary

 

Railtrack

 
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a company formed in 1994 as part of the privatization of British railways. It owned all of Britain's railways and train stations, and was responsible for signals and train schedules (= times of running). Smaller companies then rented the track and stations from Railtrack and provided the train services. When the company failed in 2001, it was replaced with Network Rail.