Information revealed by the Department for Transport under the Freedom of Information Act shows that FirstGroup has only once offered the lowest price bid for any of the franchises it has been awarded by the DfT or Strategic Rail Authority.
For the 10-year Greater Western franchise awarded by the DfT in 2006, First bid a premium of £1.13bn, more than twice as much as rivals National Express and Stagecoach who bid £511m and £384m. First’s bid was untypically cavalier and...
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