Go-Ahead Group PLC London Midland franchise extension (2304L)
July 17 2017 - 4:00AM
UK Regulatory
TIDMGOG
RNS Number : 2304L
Go-Ahead Group PLC
17 July 2017
The Go-Ahead Group plc 4 Matthew
Parker Street, London, SW1H 9NP
Telephone 020 7799 8999
PRESS RELEASE
17 July 2017
THE GO-AHEAD GROUP PLC
("GO-AHEAD" OR "THE GROUP")
London Midland franchise extension
The Department for Transport (DfT) has announced an eight-week
extension to the current London Midland franchise, from 15 October
to 10 December 2017, under the existing franchise terms. A further
eight-week extension on the same terms may be granted, to 4
February 2018, should the DfT choose to exercise this option by 18
August 2017.
Govia, Go-Ahead's joint venture with Keolis (Go-Ahead 65%,
Keolis 35%), has operated the franchise as London Midland since
2007.
Patrick Verwer, London Midland Managing Director, said:
"This extension means we can continue to build on the successes
that have made this an international award winning franchise in
recent years. Our focus will remain on delivering the best possible
service to our passengers each and every day, and maintain strong
levels of customer satisfaction."
Govia is shortlisted, along with one other bidder, for the new
West Midlands franchise to be awarded by the DfT.
ENDS
For further information, please contact:
The Go-Ahead Group
Holly Gillis, Head of Investor Relations 020 7799 8984
Sarah Boundy, Group Corporate Communications Director 020 7799 8983
Citigate Dewe Rogerson
Michael Berkeley/Chris Barrie/ Eleni Menikou/Toby Moore 020 7638 9571
LONDON MIDLAND
London Midland has been operating train services from London to
Liverpool and across the West Midlands since 2007. The company's
current contract began in April 2016 and was due to end in October
2017. During this time London Midland has invested GBP14 million in
raising performance and introducing additional passenger benefits
including industry-leading free on-train entertainment and WiFi.
Since the start of 2017 London Midland has been named the country's
most improved train company by the Institute of Rail Operators and
Britain's most improved organisation for Customer Service by the UK
Customer Service Institute. Investors in People has also upgraded
the London Midland to Gold status, making the employer only the
fourth train company to receive the rating. The company has also
won two Corporate Social Responsibility awards this year for its
work with communities.
GO-AHEAD
Go-Ahead is a leading UK public transport operator, providing
high quality services in the bus and rail sectors. Employing around
29,000 people across the country, over one billion passenger
journeys are undertaken on our services each year. We are committed
to operating our companies in a safe, socially and environmentally
responsible way and are proud to have been accredited with triple
Carbon Trust Standard for reductions in carbon, water and waste. In
addition to the travelling public, our customers include the
Department for Transport, Transport for London (TfL) and local
authorities.
BUS
Go-Ahead is one of the UK's largest bus operators. With a fleet
of around 5,200 buses, we carry over two million passengers every
day. Our operations are focused on high density commuter markets.
We have a strong presence in London, with around 24 per cent market
share, where we provide regulated services for TfL. Outside London,
we operate services in Oxford, East Anglia, the South East,
Southern and north east England. In September 2016, the Group began
operating a bus contract in Singapore, on behalf of the Land
Transport Authority.
RAIL
The rail operation, Govia, is 65 per cent owned by Go-Ahead and
35 per cent by Keolis. It is the largest rail operation in the UK,
responsible for over 30 per cent of all UK passenger rail journeys
through its rail franchises: GTR (Govia Thameslink Railway)
Southeastern and London Midland.
Disclaimer
Certain statements included in this press release contain
forward-looking information concerning the Group's strategy,
operations, financial performance or condition, outlook, growth
opportunities or circumstances in the sectors or markets in which
the Group operates. By their nature, forward-looking statements
involve uncertainty because they depend of future circumstances,
and relate to events, not all of which are within the Group's
control or can be produced by the Group. Although the Group
believes that the expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. Nothing in this press
release should be construed as a profit forecast and no part of
these results constitutes, or shall be taken to constitute, an
invitation or inducement to invest in The Go-Ahead Group plc or any
other entity, and must not be relied upon in any way in connection
with any investment decision. Except as required by law, the Group
undertakes no obligation to update any forward looking
statement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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