Railways: Nationalisation
The question
To ask the Secretary of State for Transport, what assessment she has made of the total expected cost saving and revenue generation opportunities from bringing train operating companies into state ownership.
Answered by Keir Mather
Public ownership is expected to generate significant savings and revenue generation opportunities for Government. For example, once all currently franchised services have transferred, public ownership will save the taxpayer up to £110 million to £150 million a year in fees that would otherwise have been paid to private operators.
Further detail on the impacts of public ownership can be found in the Passenger Railway Services (Public Ownership) Bill Impact Assessment.
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