To ask the Secretary of State for Transport, pursuant to the Answer of 5 December 2017 to Question 116801, how much Virgin Trains East Coast paid in premium payments (a) from the commencement of the franchise in 2015 to date and (b) will pay in each year until 2023-2024.
11 December 2017
The current East Coast franchise operated by Virgin Trains East Coast commenced 1st March 2015. An announcement of the expected premium over the duration of the contract was made at franchise award. All premiums due to date under the contract have been paid. Payments by franchised operators are published by ORR annually and can be found on their website. We have set out our plans to end the operational divide between track and train, and from 2020 we are establishing the East Coast Partnership, one of the first of a new generation of integrated regional rail operations. This will be subject to a competitive process, and will include appropriate premiums paid from the private partner to the Government.