Railway privatisation plan heads for timetable trouble
Article Abstract:
The rail privatisation Bill is scheduled to receive Royal Assent in autumn 1993 but the government plans to start the first franchises in 1994. The first seven franchises are settled. Buyout schemes are forbidden until after Apr 1994 as managers need to continue operating the railway. It is difficult to assess profitability as British Rail (BR) has so many different charges. Rolling stock, which lasts 30-40 years, may belong to public leasing companies or private companies, as franchises are only for seven years.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1993
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Hold tight on the Clapham omnibus
Article Abstract:
Over half of London bus routes have been put out to tender since 1985. London Transport decides on routes and frequency of services. Turnover is 550 million pounds sterling a year with 4 million passengers a day. Union practices have been challenged so that drivers spend more time driving and short hours or longer hours are available. Privatisation is expected in the next Parliament for implementation in 1995. The present system is planning led rather than permitting free play of market forces.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1992
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Railways begin journey into unknown
Article Abstract:
The Bill on privatisation of the railways including all tramways, London Underground and the metro in Newcastle and Glasgow, has its second reading on Feb 01, 1993. Private operators will take on franchises in 1994 and a network operator, Railtrack, will look after track and signalling. Franchises would be let exclusively. A Regulator would be entitled to publish timetables, but a national timetable might be impossible. The Bill makes finances clearer.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1993
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