Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
To ask Her Majesty's Government what assessment they have made of the financial position of the South Western Railway franchise; and how much they have received in premium payments from that operator since the start of the franchise.
Financial performance data is received every four weeks from train operators. The Department closely monitors these commercially confidential reports to ensure that the train operators remain compliant with the obligations within their Franchise Agreements. From the start of their franchise contract (August 2017) to the end of the most recent financial year (March 2019), First MTR South Western Trains Ltd paid a total £326m in premium to the Government. This is closely aligned with the premium forecasts made for this period at the time of franchise bid. The franchise contract core term runs to August 2024.