Words in [single square brackets] included hyperlinks in the original document
Words in [[double square brackets]] are editorial additions or corrections
Words in [[[triple square brackets]]] indicate embedded images or graphics in the original document. (These are not usually archived unless they contain significant additional information.)
Go-Ahead is pleased to announce that on 26 August its 65% owned subsidiary, GOVIA, has completed the acquisition of Connex South Central Limited and has consequently taken over the management and running of the South Central franchise.
The terms of the transaction are in accordance with those announced on 30 May 2001.
Negotiations continue to progress between GOVIA and the Strategic Rail Authority to finalise a new 20 year franchise to operate the South Central network which is on schedule for signing in 2002. At that time the newly branded New Southern Railway will be launched.
Martin Ballinger, Group Chief Executive of Go-Ahead, said:
'The delayed acquisition of the South Central franchise means that we can at last move ahead and start working towards our objective of providing passengers with the safe, reliable and comfortable service for which they have been waiting so long.'
For further information please contact:
The Go-Ahead Group plc Ian Butcher 0191 232 3123
Golin/Harris Ludgate Peter Gaze Rachel Child 020 7324 8888
Railnews Archive ::: 2001-08-28 GOA-001
related documents
2002-01-14 Building a better railway: SRA launches strategic plan (Strategic Rail Authority)
2002-01-14 Strategic plan demonstrates necessary vision built on shaky foundations (Railtrack Group)
2002-01-14 SRA plan only a start says Transport for London (Transport for London)
2002-01-14 Building a better railway: SRA launches strategic plan (Strategic Rail Authority)