Go-Ahead directly awarded Southeastern rail franchise
By Frank Prenesti
Date: Monday 30 Mar 2020
(Sharecast News) - Train operator Go-Ahead Group said it had been directly awarded a contract to run the UK's Southeastern franchise until October 2021.
The company on Monday said the Department for Transport had agreed a contract that removed exposure to changes in passenger demand and costs in response to the coronavirus, with the management fee set at a maximum of 2% of Southeastern's cost base before the pandemic began.
Go-ahead said about 90% of total group revenues were now derived from contracted markets where there was no direct revenue risk from changes in underlying travel demand.
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