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Stagecoach hopes to retain East Coast rail after 2020 despite bailout

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Stagecoach upbeat on Government rail plan as it reports half year results

STAGECOACH chief executive Martin Griffiths has said he expects the UK Government to reduce the risk for companies taking on rail franchises, as talks on fresh terms for the East Coast line it operates continue.

Rail passengers facing £20 fines if they don't get a ticket BEFORE they travel

Train operator Northern is warning passengers of new system

Thursday, 07 December 2017

BBC News

The Guardian

  • RPI no longer fit for deciding rail fare risesThe shadow transport secretary, Andy McDonald, is on the right tracks. The annual rises in rail fares should be decoupled from the retail prices index (RPI), as he argued in his Guardian article (This hefty train fare rise is yet another Tory betrayal of passengers, theguardian.com, 5 December).
  • Stagecoach hopes to retain East Coast rail after 2020 despite bailoutLabour calls for transport group to be banned from bidding again, warning of an impending crisis in railway industry
  • A new vision for railways that's rather short-sightedThe government's proposed model will just add more complexity to an already baffling franchise system. The transport secretary, Chris Grayling, unveiled his new vision for our railways a week ago and gained a few favourable headlines for the modest commitment to reopen a few lines closed in the Beeching cuts of the 1960s.

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Rail Technology Magazine

  • Government opens £600bn pipeline to develop major infrastructure projectsThe government has published plans for a £600bn infrastructure investment pipeline, designed to bring major new construction projects across the UK. The plan, which includes transport infrastructure, is part of a boost to the construction sector which government officials believe will save...
  • Network Rail close to completing £9.5m Shoreham Viaduct upgradeMajor upgrade work on the Shoreham Viaduct in Sussex is set to be completed at Christmas. The viaduct, which crosses the River Adur, has undergone strengthening work, and has also been painted and repaired in places as part of a £9.5m scheme. It will now be able to carry all modern trains...
  • ScotRail puts severe weather plans in place for WinterScotRail has outlined its extreme winter weather plans as Scotland prepares to be hit by Storm Caroline. Winter impacts on the railway, with the effects ranging from speed restrictions to service suspension. To avoid objects which may have been blown onto the line by high winds, trains travel...
  • Angel secures funding to refinance Greater Anglia Aventra rolling stockFunding of £835m has been secured by Angel Trains to refinance the procurement 665 trains for Greater Anglia. The 665 Bombardier Aventra vehicles will be leased to the Abellio Greater Anglia franchise from 2019. Angel Trains Group has raised the funds from a diverse group of lenders...

RailNews.co.uk

  • Rail fares rise of 3.4% is a ˜cruel joke™ Rail fares are to rise by an average of 3.4 per cent at the start of January. Regulated fares will go up by 3.6 per cent, in line with the Retail Price Index in July this year. Critics have described the forthcoming increases as a 'cruel joke' and a 'chill wind', but train operators said the money was needed for investment.
  • Kenilworth station delay is ˜beyond disappointing™ A war of words has broken out between the Department for Transport and a local council over a further delay to opening a new station in the West Midlands. Kenilworth in Warwickshire should have welcomed its first trains this weekend with the launch of new timetables, but it has emerged that trains will not be able to call before February. Warwickshire County Council said the further delay to the scheme was ˜beyond disappointing™, but the DfT said ˜the council and its contractors again appear to have failed to meet a revised delivery date™.

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