Train Operating Companies: Operating Costs

(asked on 23rd September 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, whether train operating companies will be subject to obligations to reduce their operating costs as a condition of Emergency Recovery Management Agreements.


Answered by
Chris Heaton-Harris Portrait
Chris Heaton-Harris
This question was answered on 1st October 2020

The Emergency Recovery Measures Agreements have obligations to co-ordinate across the industry to reduce fragmentation and cost duplication, and encourage efficiency. Capital budgets and spend will face enhanced scrutiny and challenge. Performance assessments of the quality of cross industry collaboration and financial performance will be made, and outcomes of this will be linked to the performance fee which can be earned by well-performing Franchisees.

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