New Franchsing Policy - DOR rejoices!

This from Directly Operated Railways...

Today’s announcement
In this morning’s announcement, the Transport Secretary said he has decided that the East Coast franchise will now be returned to the private sector in February 2015, some five years and three months after DOR took over the business in November 2009. The decision means that the competition process for East Coast will re-commence almost immediately.

DOR has actively worked to prepare the business for a return to the private sector when the Government decided that the time was right. Due to the delay to the original programme caused by the cancellation of the West Coast competition last autumn, DOR agreed with the Government that it should prepare a fresh medium term business plan to cover a five year period starting in April 2014. This work is almost complete and will be used to guide the further development of the business over the remaining two year period of operation before the new franchise is scheduled to start, and to inform the work of bidders at the appropriate time.

East Coast today
Since 2009, the East Coast business has been transformed. The Company has returned more than £640 million in cash to the taxpayer, achieved record beaking customer satisfaction, and last year delivered the best operational performance on the route since records began in 1999.

Clearly DOR can't wait to get rid of East Coast...