Former Network Rail chief rejects franchising model Former Network Rail chief rejects franchising model

The first chief executive of Network Rail has dismissed the present system of rail franchising as ‘bust’. Sir John Armitt, who is now chairman of the National Infrastructure Commission, has highlighted the facts that Network Rail was ‘effectively renationalised’ in 2014, and that franchise holders shoulder high commercial risks because, he claims, the Department for Transport takes the highest and most optimistic forecasts of revenue when considering bids.

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