GNER wins East Coast franchise

SRA announcement (2 pages, PDF) that GNER (Sea Containers) has been awarded a seven-year franchise to continue operating its East Coast Main Line services. The benefit to taxpayers is a stream of premium payments amounting to £1,300 million over the course of the franchise. Headline benefits for passengers include a £75 million refurbishment of the HST fleet and a £25 million station refurbishment.

Update, April 2005: Daily Telegraph article on the profile of premium payments.

Link is to the DfT site. The notice was originally published as a webpage but seems now to be available only as a PDF.

For further information or advice please contact Franck Latrémolière.

Filed under DfT, ECML, Public transport.

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