LONDON: Britain launched Monday a radical overhaul of its coronavirus-plagued privatised rail sector that will see franchises replaced with concessions subject to tougher scrutiny and greater state involvement.
While Britain’s rail tracks remain in state hands, the trains are run by mostly private companies enjoying large government subsidies.But Prime Minister Boris Johnson’s Conservative government decided in March to take on rail franchise holders’ revenue and cost risks as the Covid-19 pandemic decimated demand. The move was part of emergency measures that cost £3.5 billion according to media reports.
The new system will keep the best elements of the private sector but add better direction and accountability, he added. Rail operators will still be paid management fees for running services under the ERMA system — but these will be lower than under emergency measures that were implemented in March.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Italy’s ‘Black Roosters’ fight back as virus hit wine sales | Malay MailGAIOLE IN CHIANTI (Italy) Sept 20 — Two days before the coronavirus pandemic shut down Italy for two months, shattering wine exports and sales, the owner of one of its most historic vineyards headed back into the country a worried man. Six months later Francesco Ricasoli and his wine-making team...
Source: malaymail - 🏆 1. / 86 Read more »
India's Covid-19 infections surge to 5.4 millionThe country lags behind only the US in terms of total virus cases. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »
Australia heads for lowest virus count in three months | Malay MailSYDNEY, Sept 20 — Australia looked set to record its lowest daily increase in new coronavirus cases in three months today as a hard lockdown in the city of Melbourne brought the country’s virus epicentre down sharply. The second-most populous state Victoria, of which Melbourne is the capital,...
Source: malaymail - 🏆 1. / 86 Read more »
US$13,000 fine for breaking virus rules in England | Malay MailLONDON, Sept 20 — People in England who refuse to self-isolate to stop the spread of coronavirus could face fines of up to £10,000 (RM53,145) under tough new regulations announced yesterday to tackle a surge in cases. Prime Minister Boris Johnson said this week that Britain was seeing a...
Source: malaymail - 🏆 1. / 86 Read more »
Italy defies virus for vote as far-right plots seismic changeROME: Italians head to the polls Sunday — to the alarm of coronavirus experts — for a referendum and regional elections that could weaken the governme...
Source: theSundaily - 🏆 25. / 51 Read more »
Australia virus hotspot state records lowest new cases since June | Malay MailSYDNEY, Sept 19 — The Australian state at the centre of the country’s novel coronavirus outbreak today reported its lowest daily increase of infections in three months, putting it on course to relax a hard lockdown in the capital city by the end of the month. Victoria, Australia’s second most...
Source: malaymail - 🏆 1. / 86 Read more »