Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Is rail a risky business?

The collapse of the East Coast franchise has put the spotlight on the level of risk that train operators are expected to bear.

01 September 2009

 

The day after National Express Group announced its intention to hand back the keys to its East Coast franchise, transport secretary Lord Adonis was quizzed by industry executives on the implications of the debacle. Did it expose issues with franchising policy, or indeed with that particular franchise that need to be addressed, he was asked. After all, it was the second time in three years that the Department for Transport’s East Coast franchise had collapsed.

It was a question Adonis was...

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