Train Operating Companies: Subsidies

Department for Transport written question – answered on 3rd November 2015.

Alert me about debates like this

Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask the Secretary of State for Transport, pursuant to the Answer of 23 October 2015 to Question 12620, what assessment his Department has made of the adequacy of the level of public subsidy for train operators in the last 12 months; and if he will make a statement.

Photo of Claire Perry Claire Perry Parliamentary Under-Secretary (Department for Transport)

The level of public subsidy paid to (or premiums paid by) train operators is determined by the franchising process, in which bidders compete for the right to run passenger services franchises. Franchise competitions are designed to allow train operators an adequate financial return while at the same time ensuring they can fulfil their franchise commitments and obligations in full. Last year the Department received net £1.2bn premium from franchised train operators. Further information can be found on the Gov.uk website

(https://www.gov.uk/government/publications/rail-subsidy-per-passenger-mile).

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.