Bermuda

Details

  • Service: Advisory
  • Industry: Financial Services
  • Type: KPMG information
  • Date: 7/12/2013

Transport Perspectives 

In July 2013, the Association of Train Operating Companies (ATOC) published its paper "Growth and Prosperity: how franchising helped transform the railway into a British success story."KPMG assisted ATOC in this work, helping collate the wealth of publicly available industry data to analyse the performance of UK rail operations since privatisation from both a taxpayer and a passenger perspective.

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Transport Perspectives (PDF 448KB): We will never know precisely how UK rail operations would have performed had they remained in public ownership under the control of British Rail. However, analysis of the available data does point to something of a renaissance in UK rail in the period since 1997/8. In 2012, ridership, punctuality and passenger satisfaction were all at record levels with direct Government support to train operators falling. Whilst precise levels of causation cannot be determined, the weight of evidence suggests that the incentives created by franchising, both at the bidding stage and once contracts have been awarded, has had a material role in driving these results.

 

 

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