National Express welcomes extension to C2c rail franchise
Transport company National Express has cheered its investors with the news the Department for Transport has decided to extend the c2c rail franchise to September 2014.
Transport company National Express has cheered its investors with the news the Department for Transport has decided to extend the c2c rail franchise to September 2014.
The franchise, which was due to expire on May 26th, also has an option to extend it until April 2015.
National Express Group Chief Executive, Dean Finch, said: "We are delighted with today's announcement. Under National Express this service has gone from being dubbed 'the Misery Line' to become the UK's most popular and most punctual rail franchise. We look forward to maintaining our existing high standards and continuing to serve the people of East London and South Essex."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
National Express is currently one of four companies shortlisted to run the new 15-year Essex Thameside franchise that will follow the c2c extension.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published