Local authorities are unlikely to bear any of the financial risk associated with the new Northern Rail and TransPennine Express franchises, which are to be managed by a partnership of the DfT and local authority body Rail North Ltd.
Mike Ashworth, Derbyshire County Council’s strategic director for economy, transport and the environment, told councillors this month: “The DfT will bear any franchise risks to the end of the new franchises in 2024. This removes the concern over who will...
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