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![]() Railhub Archive | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Department of TransportWatts welcomes halfway point in rail franchising sell off
that thirteen of the twenty five passenger rail franchises are now on the market or let. "I am delighted that, as a result of the Franchising Director's announcement inviting interested groups to pre qualify for Anglia Railways and Thames Trains, this half way point has been reached in the passenger rail franchising programme. "A total of thirteen of the twenty five passenger rail franchises are now on the market or let - Great Western and South West Trains are running successfully in the private sector and final bids for Inter City East Coast, Midland Main Line, Gatwick Express and Network SouthCentral are due next month . This process is well underway and I look forward to the benefits that this will bring to rail users." "The sale of rail businesses is now forging ahead. The sale of the three Trainload Freight companies is expected shortly, the three rolling stock companies are now sold, Red Star and Rail Express Systems have been sold; the first two rail infrastructure, maintenance and renewal companies were sold this month with more expected shortly. In total, 64% by aggregate turnover of the rail industry is now sold or on the market - this does not include Railtrack which is scheduled for flotation in May." NOTES FOR EDITORS 1. For details of pre qualification for Anglia Railways and Thames Trains and for progress on other rail franchises, please call Peter McDermott/Paul McKie at OPRAF on 0171 940 4224/4294. 2. This news release is issued by the Department of Transport and has been approved for the purposes of Section 57 of the Financial Services Act 1986 by Price Waterhouse Corporate Finance, (a division of Price Waterhouse). Price Waterhouse is authorised to carry on investment business by the Institute of Chartered Accountants in England and Wales. This news release has been prepared for general information purposes only and is not intended to form the basis of any investment decision or constitute and offer or invitation to bid for any passenger rail franchise or to acquire shares in a train operating company. Neither this news release nor any copy of it should be taken into or distributed in Canada, France, Japan or the United States except in accordance with an applicable exemption. The distribution of this news release in other jurisdictions may be restricted by law and therefore persons into whose possession this news release comes should inform themselves about and observe any such restrictions. 3. Price Waterhouse Corporate Finance is acting for the Department of Transport and no-one else and will not regard any other person as its client nor be responsible to anyone other than the Department of Transport for providing the protections afforded to clients of Price Waterhouse Corporate Finance nor for advising any other person on the contents of this news release or any matter referred to herein. Public Enquiries: 0171 271 4800
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