Southern: Finance

(asked on 10th November 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, with reference to the emergency funding provided to the railways, whether the Government plans to take steps to assess whether actual cumulative passenger revenue cash receipts by Southern Railway are in line with the expected cumulative scenario underpinning the original settlement for the second half of 2020-21.


Answered by
Chris Heaton-Harris Portrait
Chris Heaton-Harris
This question was answered on 16th November 2020

The Department continues to monitor actual levels of passenger revenue through the submission of periodic management accounts from Govia Thameslink Railway, and the calculation of Franchise Payments is driven by the level of actual revenue received by the franchisee.

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