Thursday, 18 July 2013

Eversholt speaks for industry on IEP

This from Eversholt Rail... 

Eversholt Rail is disappointed that the Department for Transport has decided to proceed with IEP Phase 2 and prescribe what rolling stock will be used on the new East Coast Mainline franchise.

We continue to believe that the best option would have been to let the market decide...."

Quite so.

So much for all that wibble from DfT that it is for TOCs to determine what rolling stock they want to use.

The big question, of course, is will Ninky Nonk lease costs turn East Coast from a 'profitable' franchise into one requiring a net subsidy?

Eye awaits the latest spreadsheet magic from Captain Deltic with interest.