To ask the Secretary of State for Transport, what plans he has to undertake a review of the future financial (a) position and (b) structure of each train operating company that holds a franchise agreement with his Department.
Answered on
22 June 2020
The Department is reviewing its approach to the contractual arrangements following the period in which the Emergency Measures Agreements apply. Work is underway to determine the most effective approach once this period ends. This work will take account of the impact of COVID-19 on demand for passenger rail travel in both the short and long term, and the associated economic and financial impacts on the railway.
The Department continues to monitor the financial position of all train operators to ensure to continuity of passenger services.