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Railhub Archive
2003-12-10 SRA-001
Strategic Rail Authority0
Island Line franchise signed
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 franchising
*ISL2
 
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  Island Line franchise signed
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type Press release
The Strategic Rail Authority (SRA) announced today that it has signed a new
three-year franchise agreement with Stagecoach Group plc to operate the
Island Line on the Isle of Wight.
The agreement runs from December 2003 to February 2007, and secures the
continuing operation of the existing level of rail services on the Island. The
principles of the deal were agreed and announced in November 2002.
Notes to Editors
The Island Line runs from Shanklin to Ryde Pier Head, linking in with
ferry and hovercraft services to the island from Portsmouth. It is
Britain's smallest rail franchise, operating to eight stations on 8.5 miles
of track.
Subsidy over the period of the franchise totals £10.6m in 2003-04
prices. A year-by-year breakdown is available from the SRA Press
Office on request.
The new franchise expires on 4 February 2007, making it co-terminus
with the South West Trains franchise, also held by Stagecoach Group.
Railhub Archive ::: 2003-12-10 SRA-001
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