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Title: Another Franchise Sale Post by: grahame on January 18, 2017, 05:29:23 Following the sale of C2C by National Express, it seems that Abellio is selling a 40% stake in Greater Anglia
From the Morning Star (http://www.morningstaronline.co.uk/a-e8d1-Abellio-to-sell-off-40-stake-in-Greater-Anglia-to-Mitsui) Quote TRAIN operator Abellio announced yesterday that it is selling off 40 per cent of its Greater Anglia rail franchise to the Japanese firm Mitsui. RMT leader Mick Cash said that the plans make a “mockery” of the government’s passenger rail franchising process, showing that Britain’s rail network is “constantly up for grabs.” Abellio won renewal of its contract to operate the Greater Anglia network as recently as last August, having first operated it from February 2012. Title: Re: Another Franchise Sale Post by: TaplowGreen on January 18, 2017, 08:43:44 Following the sale of C2C by National Express, it seems that Abellio is selling a 40% stake in Greater Anglia From the Morning Star (http://www.morningstaronline.co.uk/a-e8d1-Abellio-to-sell-off-40-stake-in-Greater-Anglia-to-Mitsui) Quote TRAIN operator Abellio announced yesterday that it is selling off 40 per cent of its Greater Anglia rail franchise to the Japanese firm Mitsui. RMT leader Mick Cash said that the plans make a “mockery” of the government’s passenger rail franchising process, showing that Britain’s rail network is “constantly up for grabs.” Abellio won renewal of its contract to operate the Greater Anglia network as recently as last August, having first operated it from February 2012. It's nice to know that there's so much interest in British Railway matters in Moscow! Title: Re: Another Franchise Sale Post by: ChrisB on January 18, 2017, 10:40:48 Abellio were in this bid originally with Stagecoach to share the higher risk that comes with the associated order for new stock - Stagecoach pulled out - it isn't rocket science to expect them to find another operator to share this risk?
Title: Re: Another Franchise Sale Post by: chrisr_75 on January 18, 2017, 10:50:52 Abellio were in this bid originally with Stagecoach to share the higher risk that comes with the associated order for new stock - Stagecoach pulled out - it isn't rocket science to expect them to find another operator to share this risk? Exactly, no idea why the union feels the need to get upset by this, other than their inbuilt sense of righteous indignation taking control of their senses! Title: Re: Another Franchise Sale Post by: Noggin on January 19, 2017, 09:48:48 There's an interesting thread on this on WNXX - http://wnxxforum.co.uk/viewtopic.php?f=9&t=15080 (http://wnxxforum.co.uk/viewtopic.php?f=9&t=15080).
Basically Abellio is limited by Dutch Treasury rules as to how much financial risk it can take, so it had to find a partner. Mitsui is basically a Japanese merchant bank with very deep pockets, but I think there might be slightly more to it, given that Hitachi and Mitsui were part of a consortium that has won some big resignalling and telecoms projects in India. Title: Re: Another Franchise Sale Post by: chrisr_75 on January 19, 2017, 09:54:01 but I think there might be slightly more to it, given that Hitachi and Mitsui were part of a consortium that has won some big resignalling and telecoms projects in India. Could you elaborate on this please? What would the 'slightly more' be exactly?! The link to another forum you sent requires a login... Title: Re: Another Franchise Sale Post by: LiskeardRich on January 21, 2017, 08:44:57 but I think there might be slightly more to it, given that Hitachi and Mitsui were part of a consortium that has won some big resignalling and telecoms projects in India. Could you elaborate on this please? What would the 'slightly more' be exactly?! The link to another forum you sent requires a login... Abellio are getting new trains, they are getting into bed with Mitsui, who are already in bed with with hitachi who build trains. Prospect of 'mates rates' on their new trains, Title: Re: Another Franchise Sale Post by: John R on January 21, 2017, 09:25:19 but I think there might be slightly more to it, given that Hitachi and Mitsui were part of a consortium that has won some big resignalling and telecoms projects in India. Could you elaborate on this please? What would the 'slightly more' be exactly?! The link to another forum you sent requires a login... Abellio are getting new trains, they are getting into bed with Mitsui, who are already in bed with with hitachi who build trains. Prospect of 'mates rates' on their new trains, Unlikely. That contract has already been finalised. Title: Re: Another Franchise Sale Post by: welshman on January 21, 2017, 15:23:35 But they are one of the four bidders for the Wales & Borders franchise - Abellio, Arriva, KeolisAmey and MTR - so maybe they're promising new trains. A stranger thing happened yesterday in the US of A.
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