Home
Invite
RSS
Search:
Advanced Search
East Coast rail route to be privatised

from: http://www.telegraph.co.uk/finance/newsbysector/transport/9952016/East-Coast-rail-route-to-be-privatised.html

East Coast rail route to be privatised
Britain's state-owned East Coast rail route is to be put back into private hands, the government is expected to confirm this week, as MPs seek to put an end to six months of chaos in the industry.
 
Transport secretary Patrick McLoughlin will outline plans to seek tenders for the London-Edinburgh service more than three years after the route was nationalised.

 Britain's state-owned east coast rail route will be put back into private hands, the government is expected to confirm this week, as MPs seek to put an end to six months of chaos in the industry.

Photo: Troy GB images / Alamy
 By Szu Ping Chan from: http://www.telegraph.co.uk/finance/newsbysector/transport/9952016/East-Coast-rail-route-to-be-privatised.html
10:37AM GMT 25 Mar 201365 Comments
Transport secretary Patrick McLoughlin will outline plans to seek bids for the London to Edinburgh service more than three years after the route was nationalised.

He is also expected to spell out plans to put out to tender several other franchises thrown into chaos by last year's West Coast mainline fiasco.

In an announcement, expected as early as Tuesday, Mr McLoughlin will signal that the railways are "reopening for business", according to the Guardian.

The new schedule is also expected to include a further extension for Virgin Rail on the West Coast Main Line that will take the contract beyond the 2015 general election.

The debacle surrounding the West Coast franchise began when FirstGroup was told it had won its bid to take over the line from Virgin Trains. Virgin boss Sir Richard Branson accused the Department for Transport of trying to "rush the signing through," and offered to run the West Coast Mainline free of charge until a review of the bidding process could be conducted.
 

Delicious Digg Facebook Fark MySpace
Views: 799 views    Report Inappropriate Content
All Articles