LONDON (ShareCast) - Bus and train operator Go-Ahead's Govia joint venture has retained its South Central rail franchise for another five years ten months, it confirmed today.
The UK firm, which owns 65% of the business, says the
Department for Transport (DfT) has decided to keep it on until 25 July 2015. The new contract will start on 20 September.
It said the final year is subject to performance and there is a two year extension available at the discretion of the DfT.
Govia, 35%-owned by French transport operator Keolis, has been running the franchise under the Southeastern banner since 2001.
"This is a commercially robust rail network which we know well," said Keith Ludeman, Go-Ahead boss and chairman of Govia.
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