FirstGroup, MTR JV Wins South Western Rail Franchise
March 27 2017 - 1:42AM
Dow Jones News
LONDON-- The U.K.'s Department of Transport awarded the
franchise to operate the South Western rail franchise in England
for the next seven years to a joint venture between U.K. bus and
rail operator FirstGroup PLC (FGP.LN) and MTR, the operator of the
Hong Kong Metro.
First MTR South Western Trains Ltd will oversee a 1.2 billion
pound ($1.5 billion) investment into the franchise, the Department
for Transport said.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
March 27, 2017 02:27 ET (06:27 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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