Features:

New era for c2c - The Essex operator has ambitious plans for its 15-year franchise
Twenty years of partial privatisation - Consultant Michael Schabas offers his view on the effectiveness of the industrya€ s structure
Chaos in Calais - Keith Fender examines the causes and possible impacts of the Eurotunnel dispute

Regulars:

Welcome - An introduction from the Editor
Railtalk - Modern Railways' editorial view
Pan Up - Ian Walmsley questions the value of railway research projects
Blood and custard - Our diary column
Forum - Readers comment on topical issues around the railway today
People - Recent appointments
Trackwatch - Our monthly look at changes on the national network
Moving Wheels - Rolling stock news
In Business and small ads - Latest happenings in industry
Between the Lines - Is Network Rail overstating the benefits of ERTMS?
Crossrail update - The end of the line for the tunnelling machines
Alan Williams - Has Network Rail got its priorities wrong?

SCOTLAND FOCUS:
EGIP gathers pace - Major investment is taking place across the central belt
Borders Railway - up and running - With opening imminent, Ann Glen describes how the Waverley route has been revived
The Borders Railway - looking back and forward - In an extract from his new book, David Spaven assesses the new line's prospects
Siemens supports Scottish projects - The company is playing a key role in the EGIP and Borders works
Coal decline poses challenge - Difficult times lie ahead for rail freight north of the border

News:

News Front - Alliance Blackpool service approved; Network Rail fined over London Bridge disruption; Cumnock engineering train collision; further North West wiring delay
Rail Freight - Barrington Light Railway workings; expansion at Mossend terminal
Infrastructure News - Dawlish sea wall restored; Uckfield platform lengthening
Informed Sources - Boiling frogs are back; open access update; FGW AT300 order confirmed
Europe View - Keith Fender presents a round-up of news from across the Channel