Transport group Go-Ahead revealed they are in final discussions with the Government on yet another short term extension to the Southeastern franchise.
The news is not entirely unexpected and included in half-year results out today. Go-Ahead are the major shareholder in GoVia who operate Southeastern, Southern and Thameslink.
There was almost no news whatsoever on rail investment in yesterday’s budget. Any new trains, new sidings or infrastructure investment is dependant on Government decisions.
The company are taking a battering today on the stock market with shares down 21 per cent. Any negotiation with Government on an extension will see predictions for income and passenger numbers extremely hard to predict given coronavirus. Ever more people are being told to work from home – and a future quarantine will decimate passenger numbers in the short to mid term.