East Coast rail franchise to end early

Stagecoach's contract to run the East Coast Mainline rail franchise will end earlier than expected.
Transport Secretary Chris Grayling said Stagecoach would continue running the London to Edinburgh line only for 'a small number of months and no more'.
Since 2015 the franchise has met all its financial commitments to the taxpayer, returning nearly £1 billion to the public purse. But this has come at a substantial cost of nearly £200 million to Stagecoach.
Mr Grayling, speaking in the House of Commons, said: "The franchise will in due course run out of money and will not last until 2020.... read more

 
6 February 2018 in Regional North East, Views: 26
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