A letter from DfT to ORR summarising their estimate of the impact of East Coast open access services on DfT's revenue.
This document was published on 20th January 2006 by Department for Transport.
It was written by Department for Transport.
The original document format was PDF File, and comprised 2 pages.The original document can be found here.
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"There is a range of possible financial risk to the DfT. The risk and impact on DfT increases if GNER fail to achieve their target revenue. The likelihood of revenue support being triggered and franchise viability being brought into question also increases if GNER fail to achieve their target revenue.
DfT could face a risk of up to [ ] per cent of the level of abstraction, and could face significant financial risk if the viability of the GNER franchise necessitates DfT having to re-tender the ICEC franchise before it is contracted to end.
The value of the ICEC franchise, revenue support and franchise viability could be affected if options one and two were implemented. Only option three would ensure that there is no effect on funds available to the Secretary of State."
19th December 2005
Consultation on Capacity Study for East Coast Main Line
20th December 2005
ORR Review of East Coast Access Applications
22nd December 2005
East Coast Main Line - Track Access Application
9th January 2006
East Coast Main Line - Track Access Applications
17th January 2006
Competing applications for access rights on the east coast main line
20th January 2006
Competing applications for access rights on the East Coast Main Line
Does the franchise model just need technical changes or would a concession system be better?
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