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2014-05-15 RDG-002

Rail Delivery Group

Can the finances of publicly-run East Coast be used to justify continued public sector involvement in train operations?


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Office of Rail Regulation




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Press release


Rail Delivery Group

Can the finances of publicly-run East Coast be used to justify continued public sector involvement in train operations?


  date 15 May 2014
  source Rail Delivery Group
  type Press release

A recent report on rail finances by the Office of Rail Regulation says that there are “differences in train operating costs…information (about these costs) cannot be used to draw conclusions about the financial performance of individual operators”.

Differences in costs are due to many factors. For example, in 2012/13, Virgin paid £302m to lease trains on average nine years old while East Coast paid £53m for trains on average three times older.

East Coast is one of a number of operators making payments to Government. Figures for 2012-13 show the two biggest payments were made by private operators South West Trains (£315m) and Southern (£215m), compared to East Coast’s £208.3m.

ENDS


Railnews Archive ::: 2014-05-15 RDG-002