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Taxpayers’ £250m bill as passengers put off trains [Subscription]
Taxpayers face a shortfall of almost £250 million because of a fall in the number of railway passengers. The Department for Transport (DfT) admitted that income from rail franchises would be lower in 2017-18 than originally forecast. A report setting out changes in government spending plans said that net income would be £248.7 million lower than previous estimates.
Who are the two companies left in the race to run the railways in Wales?
It is the biggest procurement exercise ever seen in Wales and over the long-term could be worth £5bn. But now there are just two bidders left in the race, in MTR and KeolisAmey, to run the next 15 year Wales and Borders rail franchise from October and design and build the next phase of the south east Wales Metro project with electrification of the core Valley Lines.
Tuesday, 27 February 2018
BBC News
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- Aston Martin roars back into the black with £87m profitBritish sports car maker posts an annual profit for the first time since 2010.
Financial Times
Times Online
- Rip out safety railings to cut road deaths, say experts [Subscription]More pedestrian barriers could be stripped away from roadsides after a study found railings can actually increase accidents by lulling pedestrians into a false sense of security.
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