South Western Railway could lose franchise after £137m loss
It said talks with the DfT could lead to a new contract or"termination of the [current] contract within the next 12 months".A spokesman for the train operating company said:"SWR's recent performance has been affected by issues including infrastructure reliability, timetabling delays and industrial action.The RMT rail union said the firm should be stripped of the franchise immediately to avoid a"chaotic collapse".
New trains are late, the infrastructure has been unreliable and performance has been falling for years. This railway is not doing well and most of its promises to passengers have not been met. I don't think it's the most likely outcome. A new deal with revised terms is more likely. But what's clear is that the option of last resort is being actively considered.
"The government will shortly bring forward a White Paper containing reforms recommended by the Williams Review that will put passengers first, end the complicated franchising model and simplify fares."
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