x404.co.uk - View topic - 'Lack of interest' in running rail franchises, MPs warn

View unanswered posts | View active topics It is currently Sun Jun 08, 2025 7:22 am

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

Moderators: saspro, HeatherKay, timark_uk, Blue_Nowhere, l3v1ck

Page 1 of 1

[ 5 posts ]

Print view

Previous topic | Next topic

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

Author

Message

paulzolo

What's a life?

Joined: Thu Apr 23, 2009 6:27 pm
Posts: 12251

'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.

_________________
All the best,
Paul


	brataccas wrote: your posts are just combo chains of funny win

I’m on Twitter, tweeting away... My Photos Random Avatar Explanation

Fri Feb 12, 2016 9:10 am

TheFrenchun

Officially Mrs saspro

Joined: Wed Jan 06, 2010 7:55 pm
Posts: 4955
Location: on the naughty step

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

Spends far too much time on here

Joined: Fri Apr 24, 2009 9:44 pm
Posts: 4860

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.

_________________
Hope this helps . . . Steve ...

Nothing known travels faster than light, except bad news ...
HP Pavilion 24" AiO. Ryzen7u. 32GB/1TB M2. Windows 11 Home ...

Fri Feb 12, 2016 10:58 am

l3v1ck

What's a life?

Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)

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.

_________________


	pcernie wrote: 'I'm going to snort this off your arse - for the benefit of government statistics, of course.'

Tue Feb 16, 2016 9:54 am

jonbwfc

What's a life?

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

Page 1 of 1

[ 5 posts ]

Who is online

Users browsing this forum: No registered users and 12 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum