Date: 05/02/2018

Stagecoach's contract to run the East Coast Mainline rail franchise will end earlier than expected after the government said the operator had 'got its numbers wrong'. Transport Secretary Chris Grayling said Stagecoach would continue running the London to Edinburgh line only for 'a small number of months'. The contract, originally due to end in 2023, has already been cut short once. Mr Grayling said day-to-day operation of the line would be unaffected. He told the House of Commons Stagecoach was set to lose about £200m, equating to more than 20% of its total market value.

External links

Stagecoach East Coast deal to end early

BBC News

Transport Secretary Chris Grayling will end the contract after Stagecoach 'got its numbers wrong'.

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