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New system will end franchising model and deliver a simpler, effective model through high performance targets and simplified journeys.
(Permalink) COVID-19 Franchising Grant Shapps |
The government has scrapped rail franchising and announced plans to extend support for train firms.
After passenger numbers fell during lockdown, taxpayer money was used to plug the shortfall in ticket revenues. So far, the bill has run to more than £3.5bn and the Department for Transport has said 'significant' support will still be needed. Although passenger numbers have edged up since lockdown, they are still less than half pre-pandemic levels. (Permalink) COVID-19 Franchising Grant Shapps |
'The model of adopted 25 years ago has seen significant rises in passenger numbers, but this pandemic has proven that it is no longer working' - Shapps.
(Permalink) COVID-19 Franchising Grant Shapps |