Rail hack Chris Randall writes...
"Thought you might be interested to see a piece in last November’s Rail Professional, in which I predicted that DafT would be forced into an embarrassing policy U-turn if TOCs turned up en-masse at Marsham Street with begging bowls in hand.
"Following yesterday’s showdown between Buff Hoon and the increasingly panicky owner groups it appears it’s just a matter of time before DafT is forced to cave in to their demands and hand over billions more taxpayer pounds to keep franchises from going under.
"So much for franchises being non-negotiable!
"All of which brings to mind the all-singing, all-dancing launch of National Express East Coast in December 2007 when I had the temerity to ask National Express boss Richard Bowker if the TOC was prepared for an economic slump.
"The former SRA boss looked at me as if to say, ‘what sort of fool would ask such a bloody daft question’ and smugly insisted that NX had done all its sums and nothing could blow it of course.
"Funnily enough, I think Christopher Garnett said something very similar when he bid £1.3bn for the East Coast!"
Grimsby and Back
3 years ago
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