(23 May 2014, 11:48 am)Andreos Constantopolous wrote Some of the money given to them by the Dft is eyewatering.
"The franchise departs from previous models, with Govia now handing over revenue to the government rather than paying set premiums. Instead, the DfT will pay Govia a flat fee of around £8.9bn over the seven years, from expected revenues of £12.4bn – effectively generating a total premium of £3.5bn from Govia in traditional terms"
Not bad
