East Coast Rail Franchise: Finance

(asked on 4th July 2017) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, with reference to Stagecoach Group PLC's press release dated 28 June 2017, preliminary results for the year ended 30 April 2017, what assessment he has made of the effect of Network Rails' reprioritised infrastructure programme on the finances of the InterCity East Coast franchise.


Answered by
Paul Maynard Portrait
Paul Maynard
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 10th July 2017

Delivery dates for certain planned enhancements to the East Coast Mainline are due after the end of Control Period 5 (2019). If this affects Virgin Train East Coast’s track access rights beyond 2019, this may lead to financial impacts on the franchise. We regularly update our forecasts of franchise finances as part of our management processes.

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