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Rail franchise hangs in balance

Discussion in 'On Track.' started by Pewsey Beaste, Oct 25, 2006.

  1. Pewsey Beaste

    Pewsey Beaste Part of the furniture

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    MINISTERS revealed last night that the Government is poised to take over the running of the East Coast main line from troubled rail operator GNER if the current financial crisis worsens.

    GNER's parent company, Bermuda-based Sea Containers, has claimed it will quit the London-Yorkshire-Scotland rail business because it cannot meet the agreed £1.3bn it has to pay the Treasury over the 10-year life of the franchise.

    http://www.yorkshiretoday.co.uk/ViewArt ... ID=1838036
     
    Pewsey Beaste, Oct 25, 2006
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