Transport Scotland has awarded Serco the 15-year franchise to operate the Caledonian sleeper service, with the operator pledging a new fleet of trains. The franchise commences on 1 April 2015. Scottish ministers are contributing £60m towards the £100m investment needed for 72 new carriages, which will be built by CAF in Spain and leased by Beacon Rail for delivery in 2018. Total revenue over the 15-year term is estimated at £800m, of which about £180m will be in...
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