Network Rail has announced plans to sell a public car park in central Milton Keynes and reinvest the proceeds into improving Britain’s railway.
The multi-storey car park is located behind Network Rail’s corporate HQ off Elder Gate in Milton Keynes and is currently operated by Apcoa as a public car park with 294 parking spaces.
The Quadrant:MK public car park will continue to be available as a car park after the sale.
Network Rail is committed to generating extra funding from the sale of property assets where its ownership is not essential for running the railway. This includes a number of car parks that Network Rail currently owns, but no longer manages.
“We’re in the business of running and improving one of the fastest growing railways in the world,” said David Biggs, managing director of Network Rail Property.
“This car park doesn’t need to be owned by Network Rail in order to do that, so it makes sense for us to sell it and recycle the proceeds back into the railway.”
Network Rail is currently consulting with local stakeholders on plans to sell the car park by the end of March 2017.