Train Operating Companies: Nationalisation
The question
To ask the Secretary of State for Transport, what estimate her Department has made of the cost of private operator exit arrangements during the transition to Great British Railways.
Answered by Simon Lightwood
The process to close National Rail Contracts is set out in the contract themselves which are published on the gov.uk website. The process ensures value for money for the taxpayer is protected from the outgoing operator as the balance sheets are unwound and revenues collected on the Department’s behalf in accordance with the contract.
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