The Shadow StrategicRailAuthority was established following the election of the Labour government in 1997 in an attempt to re-regulate the fractured railway network following the privatisation of British Rail.
The SRA was placed on a formal legal basis by the Transport Act 2000 and it ended its shadow existence on 1 February 2001.
In Scotland the budget of the SRA is devolved to the Scottish Parliament under the terms of the Barnett Formula.
The StrategicRailAuthority (SRA) formerly known as the Shadow StrategicRailAuthority (SSRA) is a government body in the United Kingdom which was set up to provide strategic direction for Britain's railway industry.
The Shadow StrategicRailAuthority was established on the privitisation of British Rail as an advisory body.
However, the failure of privitisation saw it SRA cease its shadow existence on 1 February 2001 under the Transport Act 2000.
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