Essex County Council is to negotiate with bus operators a new reimbursement scheme for carrying concessionary passholders based on a fixed cost but with risk sharing. The current scheme sees operators paid a base amount of £18.47m in both 2013/14 and 2014/15. Under the existing risk sharing arrangements: for the first 0.5% growth in concessionary passengers, bus operators see no increase in payment. For each subsequent 0.01% growth in concessionary passengers, funding is increased by...
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