Spain^s Renfe to submit bids for UK rail franchises (Rail.co 24/11/2011)

JayMac

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Spain^s Renfe to submit bids for UK rail franchises (Rail.co 24/11/2011)

« on: November 24, 2011, 15:11:30 »

From Rail.co:

Quote

Renfe, Spain^s national rail company, has said that it plans to submit bids for all the UK^▸ rail franchises that are due to come up for tender over the coming months.

These include ^prestigious^ franchises such as East Coast and Great Western.

Despite failing to be short listed for both the Greater Anglia and West Coast franchises, Renfe say that following talks with the DfT^» that outlined the reasons why the operator didn^t make it onto the list, they are now in a much stronger position to bid for future franchises.

Renfe^s chairman and chief executive Teofilo Serrano said:

^We need to operate in the UK as all the big state companies are here. There is very strong competition here but the system is good for operators. The refocus of the DfT on value for money gives us opportunities to deploy our experience.^

If Renfe was to be awarded a rail franchise it would assist them to enter the competition for the contract to construct and operate HS2^▸ .


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EBrown

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Re: Spain^s Renfe to submit bids for UK rail franchises (Rail.co 24/11/2011)

« Reply #1 on: November 27, 2011, 04:25:23 »

Perhaps someone with more rail knowledge than me can answer this please, but what would the benefits be for passengers if Renfe (not FGW^▸ ) were awarded the franchise?

Also, what are the benefits for Renfe (other than contracts for HS2^▸ )?

Thanks.


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eightf48544

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Re: Spain^s Renfe to submit bids for UK rail franchises (Rail.co 24/11/2011)

« Reply #2 on: November 27, 2011, 10:40:10 »

The question really should be what is the benefit of a franchise to the passenger in the first place? It's the Wolmar question "What is franchise for?"


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Tim

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Re: Spain^s Renfe to submit bids for UK rail franchises (Rail.co 24/11/2011)

« Reply #3 on: November 27, 2011, 17:14:35 »

Quote from: EBrown on November 27, 2011, 04:25:23

I am not sure that there are any advantages for the passenger, but Renfe will presumably be looking to be making a profit.

Interesting to see so many state companies invloved in this. They have an (upfair?) advantage over the likes of First in that they can probably borrow money for investment cheaper than a private company.


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