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Railways: Coronavirus

Question for Department for Transport

UIN 67504, tabled on 1 July 2020

To ask the Secretary of State for Transport, pursuant to the Answer of 22 June 2020 to Question 60669, whether there have been changes to the pre-Emergency Measures Agreements obligations requiring train operators to provide periodic management accounts to his Department and the two operators that are in direct public ownership in relation to management accounts, profit and loss account, balance sheet and cash flow statements.

Answered on

6 July 2020

The Emergency Measures Agreements (EMAs) continue existing Franchise Agreement obligations on train operators to provide management accounts to the Department for each 4-week rail period. An equivalent obligation also applies to the two operators that are in direct public ownership. The EMAs include an additional provision that requires the management accounts to show greater disaggregation of the periodic profit and loss account, to allow more detailed scrutiny of expenditure by the Department.

Named day
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