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07Oct93 UK: STATIONS TO GO PRIVATE.

Transport secretary John MacGregor has announced proposals to boost private sector investment in railway stations.Speaking at the Conservative Party conference in Blackpool on Tuesday, he said the proposals would 'make it possible for private enterprise to unlock the stations' full potential'.But Mr MacGregor gave little good news on public spending and on major projects.Details of the station plans were published by the Department of Transport. British Rail will transfer station freeholds to the new track authority Railtrack, which will then sell leases.The paper says: 'Development opportunities lie not in the operational parts of the station, but in the airspace above stations and adjoining buildings.'Mr MacGregor hinted that, with money tight, road spending will be under pressure.He said: 'Even though we are spending record sums on the road programme, there have to be limits on the amount we can spend and many schemes which are desirable or even necessary have to wait.'As a result, looking for sources of private finance for the road programme 'makes sense', he said. CONSTRUCTION NEWS