LONDON-- The U.K.'s Department of Transport awarded the franchise to operate the South Western rail franchise in England for the next seven years to a joint venture between U.K. bus and rail operator FirstGroup PLC (FGP.LN) and MTR, the operator of the Hong Kong Metro.

First MTR South Western Trains Ltd will oversee a 1.2 billion pound ($1.5 billion) investment into the franchise, the Department for Transport said.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

March 27, 2017 02:27 ET (06:27 GMT)

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