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DfT announce shortlist for East Coast privatisation

17 January 2014

The Department for Transport today announced a shortlist of three bidders hoping to strip large profits from the publicly-run East Coast franchise.

Manuel Cortes, leader of the TSSA rail union, said: "This is nothing short of economic vandalism by a Chancellor who does not want voters to know the truth about the East Coast line - it is a public sector success story.
 
"It has been the cheapest franchise to run for the past five years and it has produced the greatest return to taxpayers, over £600 million.
 
"By selling it off before the election, he wants to hide those facts. We have the highest fares in Europe because we are the only country with a fragmented privately run rail network."

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