On the eve of the 20th anniversary of the Railways Act that paved the way for privatisation, the union's general secretary said private companies have paid out massive dividends to shareholders which could have been invested in the network
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Mr Crow said there had been "two decades of greed, exploitation and political sabotage" which had "dragged Britain's railways through the mud in the name of private profit".
The union said private train operators and rolling stock companies paid out dividends of more than £359 million in 2012/13 alone.
Since 1995 more than £3.5 billion has been paid out to private train operator shareholders in dividends;
Average ticket prices have increased by more than 23% in real terms since 1995.
The union said Rail passenger fare revenue in the UK increased 150% between 1994-95 and 2012-13 "while investment has been effectively frozen".
Mr Crow said: "British passengers are now paying the highest fares in Europe to travel on overcrowded and unreliable services that have been starved of investment."