Stagecoach has warned that changes to the system of rail franchising alone will not deliver improved value for money to taxpayers and a better service to train passengers.
The transport group said the scope of the Government's consultation on future franchising was not wide enough. It should take account of Sir Roy McNulty's value for money review and also address the structure, revenues and costs of the wider industry, including Network Rail.
Stagecoach, which has an involvement in running...
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