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Taxpayers’ £250m bill as passengers put off trains [Subscription]

Taxpayers face a shortfall of almost £250 million because of a fall in the number of railway passengers. The Department for Transport (DfT) admitted that income from rail franchises would be lower in 2017-18 than originally forecast. A report setting out changes in government spending plans said that net income would be £248.7 million lower than previous estimates.

Who are the two companies left in the race to run the railways in Wales?

It is the biggest procurement exercise ever seen in Wales and over the long-term could be worth £5bn. But now there are just two bidders left in the race, in MTR and KeolisAmey, to run the next 15 year Wales and Borders rail franchise from October and design and build the next phase of the south east Wales Metro project with electrification of the core Valley Lines.

Tuesday, 27 February 2018

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  • Taxpayers’ £250m bill as passengers put off trains [Subscription]Taxpayers face a shortfall of almost £250 million because of a fall in the number of railway passengers. The Department for Transport (DfT) admitted that income from rail franchises would be lower in 2017-18 than originally forecast. A report setting out changes in government spending plans said that net income would be £248.7 million lower than previous estimates.

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  • Who are the two companies left in the race to run the railways in Wales?It is the biggest procurement exercise ever seen in Wales and over the long-term could be worth £5bn. But now there are just two bidders left in the race, in MTR and KeolisAmey, to run the next 15 year Wales and Borders rail franchise from October and design and build the next phase of the south east Wales Metro project with electrification of the core Valley Lines.

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