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<p>Rolling stock procurement is undertaken through fair and open competition, usually
via a train operating company as part of their franchise commitments. Rolling stock
contracts are not direct departmental capital spending and we therefore do not expect
them to form part of any zero-based capital review. However, the William’s Rail Review
will consider rail franchising as part of the root and branch review of the railway
to ensure that rail delivers benefits for passengers and taxpayers.</p>
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