Railtrack could be brought out of administration during the Labour Party conference, the transport secretary has indicated.

The High Court will hear a bid to lift the order that put the company into administration next Tuesday.

If it proves successful, the not-for-profit replacement, Network Rail, could take over the company's role next Thursday - the final day of the Blackpool conference.

Alistair Darling said the arrangements put in place for the future of the railways were financially sound.

"A year ago it was obvious that Railtrack could not have carried on as it was," the transport secretary said.

The government had been forced to take "decisive action" to stabilise the railways, he added.

"If the judge decides to lift the administration order the final piece of the new structure will be put in place.

"We supported Network Rail's take-over because passengers demand and expect more.

"That is why we are also committed to investing almost £65 billion into rail.

"If the court agrees to lift the order the structure will be in place to ensure that money is invested efficiently and effectively. It will then be up to the rail industry to get on and deliver the improvement passengers expect. Everyone should feel the benefit."