East Coast rail franchise 'to be scrapped' by transport secretary
Chris Grayling likely to introduce ‘not-for-profit’ arrangement on line from London to Edinburgh
Chris Grayling is expected to make a decision “within days” to end the existing East Coast rail franchise operated by Stagecoach and Virgin Trains.
The transport secretary was said to be preparing to either renationalise the London to Edinburgh line or negotiate a “not-for-profit” arrangement with Stagecoach and Virgin Trains before the end of the week.
Related: East coast line bailout puts rail privatisation back in spotlight
Source: Guardian Transport
<a href="East Coast rail franchise 'to be scrapped' by transport secretary” target=”_blank”>East Coast rail franchise 'to be scrapped' by transport secretary