Greater Manchester Passenger Transport Executive has secured agreement from the DfT to review a potential barrier to PTE-funded rail services. The Northern Rail franchise agreement requires 40% of all additional Northern revenue over and above a threshold to be paid to the DfT. “Northern’s revenues are such that all additional revenue is now subject to the 40% topslice,” Michael Renshaw, GMPTE’s bus and rail director told councillors last week. GMPTE has asked the DfT to...
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