Railways: Franchises
(asked on 18th October 2018) - View Source
Question to the Department for Transport:
To ask the Secretary of State for Transport, what estimate his Department has made of the cost to the public purse of the franchise competitions for (a) Southeastern, (b) East Midlands Trains and (c) West Cost trains.
The spend to date from the inception of each franchising project, plus forecast future spend, is shown in the table below. These figures are primarily adviser costs (financial, technical and legal) plus contingent labour. Franchises are complex transactions and the expenditure helps deliver a robust commercial position, passenger benefits and taxpayer value over the franchise life. The recently announced Rail Review being led by Keith Williams will consider all parts of the rail industry, from the current franchising system and industry structures, to accountability and value for money for passengers and taxpayers.
Competition |
| Spend to date | Forecast to March 19 | Estimated cost to the public purse |
a) South Eastern |
| 5,558,025.52 | 926,620.00 | 6,484,645.52 |
b) East Midlands |
| 3,686,461.89 | 2,476,040.00 | 6,162,501.89 |
c) West Coast |
| 12,444,887.71 | 2,922,110.00 | 15,366,997.71 |
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Total |
| 21,689,375.12 | 6,324,770.00 | 28,014,145.12 |
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