Stagecoach Group PLC West Coast Partnership / South Eastern franchises (8144I)
22 June 2017 - 4:10PM
UK Regulatory
TIDMSGC
RNS Number : 8144I
Stagecoach Group PLC
22 June 2017
22 June 2017
West Coast Partnership and South Eastern rail franchises
The Department for Transport ("DfT") today has announced the
shortlists for the new West Coast Partnership and South Eastern
rail franchises.
Stagecoach Group ("Stagecoach") is pleased to confirm that it
has been shortlisted by the DfT to receive an Invitation to Tender
for the new South Eastern franchise. The franchise, which runs from
2018, incorporates rail services in south east London, Kent, the
Medway towns and East Sussex. South Eastern handles 640,000
passenger journeys on 1,900 train services every weekday.
In addition, Stagecoach, Virgin Group and SNCF, bidding as West
Coast Partnership Limited, have been shortlisted for the West Coast
Partnership franchise. Stagecoach has a 50% share in the bid
vehicle, with a 30% share held by SNCF and the remaining 20% owned
by Virgin. The franchise, due to run from 2019, will include
current West Coast services and the first few years of operation of
High Speed 2 services.
Martin Griffiths, Chief Executive of Stagecoach Group, said: "We
are pleased that the extensive expertise and strong track-record of
Stagecoach and our partners has been recognised in the shortlists
announced by the government for these two rail franchises, both of
which are critical to the country's economy.
"We look forward to working with local stakeholders on shaping
our plans to improve services for customers and deliver significant
value to the taxpayer to reinvest in public services."
For further information, please contact:
Analysts
Ross Paterson, Finance Director 01738 442111
Bruce Dingwall, Group Financial Controller 01738 442111
Media
Steven Stewart, Director of Corporate Communications 01738 442111 or 07764 774680
Notes to Editors
Stagecoach Group
-- Stagecoach is an international public transport group, with
operations in the UK, the United States and Canada. The Group
employs around 40,000 people, and operates around 13,000 buses,
coaches, trains and trams.
-- Stagecoach is one of the UK's biggest bus and coach operators
with around 8,500 buses and coaches on a network stretching from
south-west England to the Highlands and Islands of Scotland.
Low-cost coach service, megabus.com, operates a network of
inter-city services across the UK.
-- Stagecoach is a major UK rail operator, running the South
West Trains, Island Line and East Midlands Trains networks. It also
has a 49% shareholding in Virgin Rail Group, which operates the
West Coast rail franchise, and a 90% shareholding in Virgin Trains
East Coast, which operates the East Coast rail franchise.
-- Stagecoach operates the Supertram light rail network in Sheffield.
-- In North America, Stagecoach operates around 2,300 buses and
coaches in the United States and Canada. megabus.com operates a
network of inter-city coach services in North America. Stagecoach
is also involved in operating commuter, transit, contracted,
charter, airport shuttle and sightseeing services.
-- For further information, go to www.stagecoach.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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