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, whether each train company with a franchise agreement has been asked by his Department to provide information on its (a) balance sheet and (b) financing structure and policy.

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

The Emergency Measures Agreements (EMAs) continue existing Franchise Agreement obligations to require train operators to provide periodic management accounts to the Department. An equivalent obligation also applies to the two operators that are in direct public ownership. The management accounts include a periodic profit and loss account, balance sheet and cash flow statement.

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