(07 Jul 2022, 3:02 pm)Dan wrote The 317 is a Nexus contract, yes - but Stagecoach take the commercial risk on revenue.Ahhh cheers dan. I just assumed all nexus contracts were this is how much we are prepared to do it for and you can have all the fares we collect? I assume GCT don't work like the 317 on their services?
They assumed what the revenue would be as part of their tender submission, and this is how they won the contract (their price to operate it was less than their competitors).
Stagecoach and Nexus would need to come together and agree a financial agreement, if it was deemed that it could lead to a loss of revenue for Stagecoach if they accepted Ferry tickets on the 317.
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RE: Go North East: Major Service Changes July 2022