T he UK led the way in franchising of passenger train operations, but its experience has hardly become the ‘How To’ guide for the rest of Europe. The abandonment of the West Coast franchise is just the latest round of franchising that has fallen apart in the harsh light of reality.
The problems, blamed on a flawed assessment process, but also raising questions about staffing resources within the Department for Transport (DfT) and bidders’ ability to predict revenues over the...
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