East Coast rail could return to the Public Sector
The East Coast rail franchise could see itself returning to the public sector after the government discovered Virgin Trains had breached its £3.3bn contract.
The transport secretary, Chris Grayling announced that that the London-to-Edinburgh line could again be directly operated by the Department for Transport (DFT), only three years after the route was privatised. He said the DFT could either absorb the responsibility of running the franchise, or offer a “short-term, not for profit” contract to Virgin Trains East Coast, a joint venture owned by Scottish transport group Stagecoach and Richard Branson’s Virgin Group. In the meantime Grayling assured the business world that the route would operate as normal with minimal impact of day to day operations, services or staff. Read more here
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