Someone evidently has a sense of humour at Rail Business Intelligence!
The latest issue contains a report of a talk given to the Railway Study Association by DfT's Director Franchising, Pete Wilkinson.
He is recorded as bewailing lease costs for ex BR rolling stock:
"How come the ROSCOs get away with the price of second hand trains? It's got to stop."
Quite so Pete, quite so.
Rather elegantly RBI juxtaposed the whinings of DfT's very own Doctor Evil with a story about Eversholt refinancing £600m of senior debt; which according to CEO Mary Kenny, will allow the ROSCO "to respond to future investment opportunities."
As our American friends might say - do the math!
Such apparent naivety in understanding market value from the official charged with franchising will no doubt do much to gladden the hearts of thinly capitalised equity profiteers everywhere!
No matter.
Meanwhile, as DfT clearly has it in for the ROSCOs (again), expect fleet refurbishment to become more difficult as nervous finance houses price in political risk.
Wednesday, 13 November 2013
DfT bashes the ROSCOs and adds to industry cost
Hammond Eggs - Sauce for the goose
This from the Yorkshire Post:
Shadow Transport Minister Lilian Greenwood said Ministers are so keen to re-privatise the route linking London, Doncaster, Wakefield, Leeds, York and Edinburgh that they redacted a prospectus for the proposed sell-off to make the line seem less successful than it actually is.
Happily Stephen Hammond was able to mount a spirited defence of privatisation:
He claimed Labour's position on the East Coast franchise was driven by “dogma”.
Errr...
Tuesday, 12 November 2013
Pointless signs - First Hull Trains
This from IKB...
Good news for all fans of gaspers!
FHT have evidently relaxed the draconian restrictions on lighting-up in this carriage, although smoking on top is still verboten!
First - but not for syntax.
One foot in the dor?
This from Dear, Dear, Dicky...
Tuning into Sky's brand new
series on East Coast, my ears were audibly assaulted by some dulcet
thespy Scottish tones reminding me of the popularity of rail travel and
how hard TOC staff work.
Why it was none other than 1990s has-been (shurely: 'favourite'? Ed), star of the 2011 Channel
4 Dispatches rail travel 'documentary' and everyone's favourite leftie - Richard Wilson!
Presumably this time the uber-luvvie was in possession of his Senior Railcard?
Very much a case
of "I don't believe it.".
Hammond Eggs - Standing up for passengers
This from the Daily Mirror...
After a leak by rail union RMT, Transport Minister Stephen Hammond yesterday admitted bidders for the rail franchise will be “free to consider such initiatives as third-class travel”.
Bidders, ministers and officials will of course keep in mind that under the PRM (Passengers with Reduced Mobility) Regulations each class of travel requires its own fully accessible facilities.
Rosco chums suggest that each PRM compliant lavatory takes up the space of approximately seven seats, as passengers forced to stand on Voyagers will no doubt be more than aware!
Good to see DfT's new, improved, franchising policy addressing capacity issues so early on in the process.
Monday, 11 November 2013
Gibb transitions from poacher to gamekeeper
With NR soon to abandon King's Place for pastures new it looks as if Gibby is keeping an eye on future travel expenses by selecting a sub-125 mode of transport.
Behold the Non-exec vehicle de choix - the Twizy, which Renault claims has a range of 61 miles between charges.
Alas, the actualité appears to be closer to 50 miles.
Chums of the railman be warned, a visit from Chris may see him clutching three pin plug in hand!
Moor Street Service of Remembrance
This from a Mr Tony Miles...
On Armistice Day I thought Eye readers might be interested to see picture of the West Midlands Railway Service
of Remembrance, held at Moor Street station on Friday 8th.
The event was attended by representatives of all TOCs serving the West Midlands, Network Rail, the emergency services, British Legion and members of the Armed Forces.
Silver Stump Watch - Euston
Friday, 8 November 2013
Burles to Greater Anglia
So. Jamie Burles will be succeeding Ruud Haket as MD of Greater Anglia.
Currently a bid director at parent company Abellio he will join the TOC after completing work on the Thameslink bid in April 2014.
With Ruud due to depart for Keolis in January, Adam Golton will be holding the reigns during the interregnum.
If the clog fits...
Engineering the Underground
This, from the Institution of Civil Engineers, is very nice...
Good effort.
Lest we forget
With Remembrance Sunday almost upon us here are some photos of the new War Memorial at King's Cross station, unveiled on the 27th October.
They shall grow not old, as we that are left grow old:
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning,
We will remember them.
We will remember them.
Thursday, 7 November 2013
Gideon signals panic in Tory marginals
This from Norfolk Broads...
Absolutely no panic in the Tory party about vulnerable seats in East Anglia.
No siree, none at all.
So what are we to make of this then?
According to this press release from the Treasury:
Chancellor George Osborne has announced a new taskforce to look at speeding up journey times to East Anglia to drive growth in the region.
Plans for a new expert group charged with finding ways to speed up rail services to the East of England by as much as 25% have been set out by the Chancellor.
The new taskforce will be made up of Department for Transport officials, experts from Network Rail, and local MPs.
Evidently not content with presiding over the most complicated railway structure in the world our Chancellor has decided to abandon boring old things like Route Utilisation Strategies, Control Periods, Statement of Funds Available, etc... etc..., instead he will improve our network by fiat!
Move over ORR, franchise bidders and RDG your skills are not needed, for we have SuperGideon and 'local MPs' to the rescue!
It's not as if our Chancellor has anything else important to do, what with a record deficit and all!
On the plus side, only another 18 months till 7th May 2015 and after that we can all go back to business as usual.
Wednesday, 6 November 2013
Can you put a value on Goodwill?
Read it and weep.
This from the Beeb yesterday...
The minister overseeing
the HS2 rail project has issued an official correction after getting
muddled over the size of his department's budget.
Robert Goodwill suggested in the Commons last week that the
transport department's overall budget was £50bn. The actual figure is
less than £13bn.
Only £37bn out.
FFS!
Hammond Eggs - On how not to hold a TOC to account
Another gem from the minister for rail!
Given as a written answer on the 4th November...
Stephen Hammond (Wimbledon, Conservative)
It was never the intention to use the historic performance of directly operated railways as a comparator for future franchise bids. The nature of rail operations means that their circumstances change over time with infrastructure and rolling stock investment as well as changes in track access charges and the performance of the wider economy, which makes comparing any franchise to another or even to historical data on itself imprudent.
However, as with all franchise competitions, the Department has developed a comparator model to assess franchise bids against that is informed by base data from the current operator.
What's that sound? It's the sound of DfT taking a chainsaw to the only believable benchmark of a new operators' performance!
Modern parables No94
This from the Preacher...
It is easier for a rich man to enter the kingdom of heaven, than for a camel to pass through the lie of a needle.
Here endeth the lesson.
Tuesday, 5 November 2013
Hammond Eggs - Woodhead dead
This from Stephen Hammond of DfT...
Written statement to Parliament: Woodhead tunnels
...In 2007 to 2008 ministers received many representations urging them to
protect the Woodhead tunnels so that the Woodhead route could be
re-opened to rail traffic in the future...
My decision does not rule the possibility of re-opening the Woodhead route to rail traffic in the future, should a new line ever be required...
So that's all right then!
Remember, remember, the fifth of November
Today we mark the anniversary of a significant event in our history.
A day when some crazed ideologues, led by a deranged individual, entered the Houses of Parliament determined to do great damage to our nation.
Still, enough about John Major and the Railways Act.
Happy Bonfire Night.
Monday, 4 November 2013
TSSA Exec ushers in austerity Christmas
Here's a tale to warm the heart of every industry Scrooge.
The TSSA's Executive Committee Report for October records the following sad news...
Finances
In the light of the serious financial reductions that will need to be
introduced over the next few months the EC set an early example by:
• Not accepting an invitation to send a delegates to the
International Transport Workers Federation Women’s conference in Delhi
in January 2014
• Cancelling its Christmas dinner
Such selflessness will no doubt be welcomed by members whose subs previously funded the Yuletide jolly.
UPDATE: This from Oliver Cromwell...
They've obviously gone for cheaper printers this year too...
UPDATE: This from Pendolino Warrior...
Saddened the TSSA is "Not accepting an invitation to send a delegates to the International Transport Workers Federation Women’s conference in Delhi in January 2014".
I wonder what their former president Harriet Yeo would have to say?
Sun rises on talking shop as Ministers dodge talking tough!
A quite extra-ordinary release from DfT on Friday!
It began:
Strengthening Britain’s train-building industry
The creation of a new forum to strengthen the British rail industry
at home and abroad has been announced by ministers during a visit to the
site of Britain’s newest train factory.
The Rail Industry Supply Chain Forum was announced by both Secretary
of State for Transport, Patrick McLoughlin, and the Secretary of State
for Business, Innovation and Skills, Vince Cable, when they visited the
site of Hitachi’s new £82 million manufacturing facility at Newton
Aycliffe, in County Durham, home of the new Intercity Express Trains.
It continued by outlining the following benefits of the new Rail Industry Supply Chain Forum as follows:
- providing the government with a better understanding of the capability of UK suppliers to inform our rail investment plans and identify where support or intervention is required
- building the capability of UK suppliers so that they are more likely to win work both here and abroad
- reducing the risk of UK suppliers facing “feast and famine” in their order books and providing early warning of potential problems to the industry
- improving how government and industry promote UK capability overseas
Ministers and Whitehall officials could do a whole heap more for 'UK suppliers' by telling our Japanese friends that if they don't open their domestic market to UK rail suppliers with immediate effect, then HMG will not hesitate to cancel the Ninky Nonk train.
Sadly, iDave's preference for 'chugging down sake' means you can be quite sure this won't happen.