Question to the Department for Transport:
To ask Her Majesty's Government how much premium they expect to receive from the franchisee of the East Coast Main Line as a result of shortening the franchise period by three years.
We currently receive premiums in line with their contractual obligations. From 2020 we intend to commence the East Coast Partnership, one of the first of a new generation of integrated regional rail operations. This will include appropriate contributions from the new private partner under a long-term competitively procured contract.
We are always looking for the best ways to achieve value for money for the taxpayer alongside the best results for passengers. Reforms will build on the best of the public and private sectors, with private sector involvement bringing innovation, investment and competition.