Chiltern Railways was a management buy-out which started as a conventional short franchise, awarded on 25 June 1996 to run for 7 years. It was replaced by a 20-year contract of the same name with effect from March 2002, heads of terms having been signed on 10 August 2000.
21 July 1996
2 March 2002
M40 Trains Ltd/3i and John Laing
Chiltern Railway Company Ltd
Commuter and regional services between London (Marylebone) and Aylesbury, Princes Risborough, Banbury, Birmingham (Moor Street and Snow Hill), Kidderminster, Stratford-upon-Avon.
Chiltern Lines TOU (British Railways Board)
was replaced by