LNER (Formerly Virgin Trains East Coast & East Coast)
LNER (Formerly Virgin Trains East Coast & East Coast)
(26 Oct 2013, 8:37 am)fozzovmurton The brochure for the ECMLbidding is out now...attached
at this statementWhy are we refranchising East Coast?
Since 1995 the Government’s policy has been to allow the private sector to run
public rail services. State control of rail services is considered to represent poorer
value for money, restrict investment and therefore growth and to import risk to the
taxpayer. The introduction of competition has been proven to drive improvements
for the passenger and leave a lower level of inancial and technical risk with the
Government. When taking over East Coast, a new private sector operator will be
incentivised to improve system performance and grow revenues.
(26 Oct 2013, 8:37 am)fozzovmurton The brochure for the ECMLbidding is out now...attached
at this statementWhy are we refranchising East Coast?
Since 1995 the Government’s policy has been to allow the private sector to run
public rail services. State control of rail services is considered to represent poorer
value for money, restrict investment and therefore growth and to import risk to the
taxpayer. The introduction of competition has been proven to drive improvements
for the passenger and leave a lower level of inancial and technical risk with the
Government. When taking over East Coast, a new private sector operator will be
incentivised to improve system performance and grow revenues.
