vendredi 18 mai 2018

Third private train operator fails to run major British rail route

Yes another triumph for the glorious private sector!

BBC News: Why has East Coast Mainline hit the buffers again?

"For the third time in just over a decade the government has called a halt to the East Coast Main Line rail franchise.

Transport Secretary Chris Grayling says it will be run by his department until 2020 after which it will be in the hands of a public-private partnership."

In summary:

British Rail: 1948-1996 [from nationalisation until privatisation]
Great Northern Railway: 1996-2005 [original seven-year franchise extended to nine]
Great Northern Railway: 2005-2007 [stripped of second seven-year franchise]
National Express East Coast: 2007-2009 [defaulted on ten-year franchise]
East Coast: 2009-2015 [re-nationalised; run profitably until re-privatised]
Virgin Trains East Coast: 2015-2018 [eight-year franchise terminated]
London and North Eastern Railway: 2018-????? [DfT-appointed "operator of last resort": Arup Group, Ernst & Young, and SNC-Lavalin]

Effectively, in all three cases, the private operators bid more than the profits that the line generated for them. In the second and third cases, the government accepted obviously unrealistic overbids, despite past experience.


via International Skeptics Forum https://ift.tt/2rWZJlE

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