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2002-07-22 SRA-001
Strategic Rail Authority

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Interim agreement between the Strategic Rail Authority and Virgin Rail Group


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Strategic Rail Authority

Interim agreement between the Strategic Rail Authority and Virgin Rail Group
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related documents


2003-09-23 Virgin Rail Group interim agreement (House of Commons Transport Committee)

2002-07-22 Stagecoach Group welcomes Virgin Rail deal (Stagecoach Group)

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date
22 July 2002
source Strategic Rail Authority
type Press release

summary This announcement marked the suspension of both Virgin franchises because the West Coast Main Line upgrade was running late


The SRA welcomes the signing of an interim agreement with Virgin Rail Group regarding the West Coast Main Line and Virgin Cross Country franchises.

This agreement holds good the business while long-term solutions are explored by the SRA and Virgin Rail Group together.

SRA Chief Operating Officer, Nick Newton said: "This specific, interim agreement between the SRA and Virgin Rail Group makes passenger sense and taxpayer sense and is bound by stringent terms and conditions. It delivers stability while the SRA works with Virgin Rail Group to identify and secure the best future for passenger service and delivery on these routes.

"Significantly, this agreement focuses on service delivery now and in the future, rather than on remonstrating about past problems."

Notes to Editors
1. Details of the agreement were announced by Stagecoach Group plc to the London Stock Exchange at 07:00am today.


Railhub Archive ::: 2002-07-22 SRA-001





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