From
The BBC» . Long article on the franchise and on the two bidders including
The winner - also new South Wales Metro operator - is expected to be unveiled in the next 24 hours.
From
The BBCA £5bn contract to run Wales' rail service for the next 15 years has been awarded to two European firms, who will run it jointly.
France's Keolis and Spanish-owned Amey's bid triumphed over a rival offer from Hong Kong's MTR commuter railways.
It will also develop the south Wales Metro, a project worth £5bn.
The company said it was a great opportunity and promised the railway "would be unrecognisable" in five years time.
Full details of KeolisAmey's plans for Wales will not be revealed until next month.
I expect we'll have some further concern about
UK▸ rail operation by overseas railway companies and governments:
Keolis is France's largest private sector public transport operator - but it is three-quarters owned by SNCF▸ , the French state railway.
Amey was a listed UK company until it suffered a Carillion-style collapse 15 years ago. It was then bought by the Spanish infrastructure giant Ferrovial, which is the key shareholder and manager of Heathrow airport.
Sounds like there may be some growth in this franchise:
Transport for Wales (TfW) - which is advising the Welsh Government on the contract - said the new franchise holder will be held to account on issues like punctuality, cleanliness and service quality - or they will not get paid.
But there will be challenges ahead in terms of rising passenger numbers, which have nearly doubled in the last 15 years.
Since Arriva started running the franchise, passenger journeys have risen from 18m in 2003 to more than 30m a year in 2017, but the contract with Arriva was based on zero growth in usage - which means they are stuck with the same number of trains they had in 2003.
This has led to complaints about overcrowding and ageing carriages.
Economy Secretary Ken Skates said: "Throughout the procurement process we have prioritised investment in the quality of trains, stations and services for the Wales and Borders Rail Service and South Wales Metro.
"We are grateful to all those who have participated in the procurement process."
He said no further comment would be made until the end of the 10-day standstill period.
Alistair Gordon, chief executive of Keolis UK, said it would be a transformative new rail service for Wales and its borders and see it combine its worldwide expertise in passenger operations with Amey's "engineering excellence".
Both politicians and the rail operator alike will hope the system will be the most attractive option for travellers.
TfW will regulate fares and they will not be expected to rise more than inflation.
But new trains might take at least a couple of years to appear.
Andy Milner, Amey's chief executive, said: "While the proposed changes won't happen overnight, the railway will be unrecognisable in five years thanks to the vision of the Welsh Government."
He added that they would be focused on working with TfW to transform the existing infrastructure and introduce new trains to "significantly improve the passenger experience" as well as creating hundreds of new jobs and apprenticeships.