Go-Ahead rail ‘to start paying’
Its London Midland service has been eligible for revenue support from the Department for Transport (DfT) since November but Go-Ahead said this has not been required after passenger revenues on the commuter line jumped 13 per cent in the six months to 31 December.
The Newcastle-based group, whose joint venture with Keolis runs the Southeastern and Southern franchises, said its rail division will be a net contributor to the DfT from April. Across the rail arm, profits were up 25 per cent to £16.5 million when £9m of one-off contracts are excluded from last year’s figure.