Railways: Franchises

Department for Transport written question – answered on 22nd June 2020.

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Photo of Karen Buck Karen Buck Labour, Westminster North

To ask the Secretary of State for Transport, what plans he has to undertake a review of the future financial (a) position and (b) structure of each train operating company that holds a franchise agreement with his Department.

Photo of Chris Heaton-Harris Chris Heaton-Harris Minister of State (Department for Transport)

The Department is reviewing its approach to the contractual arrangements following the period in which the Emergency Measures Agreements apply. Work is underway to determine the most effective approach once this period ends. This work will take account of the impact of COVID-19 on demand for passenger rail travel in both the short and long term, and the associated economic and financial impacts on the railway.

The Department continues to monitor the financial position of all train operators to ensure to continuity of passenger services.

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