South Western Railway warn it could be placed in public hands
The transport secretary said South Western Railway's performance was"significantly below expectation"
Transport Secretary Grant Shapps said South Western Railway's franchise was now"not sustainable in the long term"Contingency measures include issuing a short-term contract to SWR's owners or moving its operations to the Department for Transport, Mr Shapps said. Transport Secretary Grant Shapps said SWR had"not yet failed to meet their financial commitments" but the department"must prepare suitable contingency measures".He said poor punctuality and reliability combined with slower revenue growth has led to the operator's financial performance being"significantly below expectation" since the franchise began in August 2017.
SWR's operations could also be moved to the Operator of Last Resort , a public sector operator wholly owned by the Department for Transport.
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