Stagecoach wins East Midlands rail franchise

Source: Supply Chain Digital

Date :22/06/2007 14:19:29

Stagecoach Group has welcomed the decision by the Department for Transport (DfT) to award it the new East Midlands rail franchise.

The new seven year and four month franchise, worth £235 million in annual total revenues, will run from 11 November 2007.

Stagecoach engaged with more than 80 local, regional and national stakeholder organisations in developing its proposals for East Midlands, combining the current Midland Mainline franchise and regional services transferred from Central Trains.

Brian Souter, Chief Executive of Stagecoach Group, said: “We are delighted to be entrusted by the Government with the contract to run a key rail franchise in a region that is the heart of the UK transport and logistics economy, with significant growth potential.”

June 22 2007