On 22 Jun, 16:35, "Paul Scott" wrote:
"Ross-a-travelling" wrote in message
[...]
There's a slightly different release (the Stock Market statement) on
the DfT website at http://www.dft.gov.uk/pgr/rail/passenger/
franchises/emfranchise also giving the franchise subsidy/premia
details - which are GNER-esque in their ambition, IMNSHO.

I think your maths is a little bit out there Ross, GNER was £1.3billion over
the life of the franchise. The new East Midlands is only about a tenth of
that.

I'm referring to the contextual nature of ambition, not cold hard
cash.

ISTR that CT was pretty consistently subsidised to the tune of 60
million a year, and yet the EMids franchise requires a drop of 30
million (or so) in the second full year of the franchise and then
equally massive changes each year afterwards?

It's gonna be interesting, especially as EMids has CT's deep rural
stuff.

R.