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'Lack of interest' in running rail franchises, MPs warn

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'Lack of interest' in running rail franchises, MPs warn

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paulzolo

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Joined: Thu Apr 23, 2009 6:27 pm
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'Lack of interest' in running rail franchises, MPs warn


	Quote: Taxpayers could end up out of pocket because not enough private firms want to bid to run rail franchises in England and Wales, MPs have warned. A lack of competition between companies bidding to operate routes could mean the government struggles to get value for money, a report by the Public Accounts Committee said. MPs said it was "not clear" when rail users will see higher quality services.

http://www.bbc.co.uk/news/uk-35556870

Running a train service isn’t cheap, and looking at some of the news stories floating around recently, you get the distinct impression that moving trains from point A to point B is something of an inconvenience that gets in the way of paying shareholders. When franchises are only two years long, like they are here, it’s hardly a surprise that no one is interested.

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Fri Feb 12, 2016 9:10 am

TheFrenchun

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Joined: Wed Jan 06, 2010 7:55 pm
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Re: 'Lack of interest' in running rail franchises, MPs warn

Does it have anything to do with the government blatantly favouriting First over Virgin for WCML?

Fri Feb 12, 2016 10:14 am

MrStevenRogers

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Joined: Fri Apr 24, 2009 9:44 pm
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Re: 'Lack of interest' in running rail franchises, MPs warn

the railway network and everything that runs on it would be better off being nationalized.
i also believe that parliament should have an all party committee (convened from all of them) where no elected party can interfere
classic example HS1&2 a vanity project ...

ps. i believe this also for the NHS.

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Fri Feb 12, 2016 10:58 am

l3v1ck

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Re: 'Lack of interest' in running rail franchises, MPs warn

Plus the profit margin on rail franchises is very small. I think 3-4% the last I heard.

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Tue Feb 16, 2016 9:54 am

jonbwfc

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Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040

Re: 'Lack of interest' in running rail franchises, MPs warn


	l3v1ck wrote: Plus the profit margin on rail franchises is very small. I think 3-4% the last I heard.

3-4% isn't that bad an RoI over a long term provided it's quite stable.

Tue Feb 16, 2016 3:01 pm

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