The Department for Transport has decided to abandon the franchising system in England.
The franchise on this page ceased to exist on normal commercial terms on 23 March 2020, and was replaced by an Emergency Measures Agreement, which guaranteed an income to operators and removed commercial risk.
From 20 September 2020 until some time in 2022 Emergency Recovery Measures Agreements (ERMAs) replaced the original EMAs, slightly reducing the fixed fees paid to operators but otherwise continuing the protection from commercial risk.
Replacement contracts of a new type may be announced later on.
(In the case of Scottish franchises, the Scottish Government announced on 18 September an extension of its EMAs from 20 September 2020 to January 2021, pending further discussions.)
Chiltern Railways reached a new Heads of Terms agreement with the Shadow Strategic Rail Authority in 2000 for an unprecedented 20-year contract to replace the original franchise. The SRA’s long-franchise policy did not last, but Chiltern’s new contract had been signed before it changed again. This involved significant infrastructure upgrades, which have been carried out under the general project title of Evergreen. The third of these – Evergreen3 – led to the introduction of a new route between London Marylebone and Oxford via Bicester. The end date may be extended by up to 7 reporting periods (28 weeks).
2 March 2002
31 December 2021
M40 Trains Ltd/Deutsche Bahn AG
Chiltern Railway Company Ltd
Commuter and regional services between London (Marylebone) and Aylesbury, Princes Risborough, Banbury, Oxford via Bicester Village, Birmingham (Moor Street and Snow Hill), Kidderminster, Stratford-upon-Avon
to be replaced by