Wednesday, July 28, 2021
- Advertisement -
Home Government GTR contract extended to March 2022

GTR contract extended to March 2022

The Department for Transport (DfT) has extended GTR’s Emergency Recovery Measures Agreement (ERMA) under the same contractual terms, from its current end date of 20 September 2021 until 31 March 2022.

GTR’s ERMA, which generates a margin of up to 1.5 per cent, is a management contract with no financial exposure to passenger volumes.

Around 90 per cent of total Group revenues are generated through contracts where there is no direct revenue risk from changes in passenger demand.

Advertisement

David Brown, Go-Ahead CEO, commented: “The extension of this contract recognises the vital role GTR plays in connecting communities and enabling their green and sustainable economic recovery. More people are using our rail services now than at any time during the pandemic, and we look forward to welcoming more customers back in the months ahead.”

Patrick Verwer, GTR CEO, said: “We welcome today’s announcement. Everyone at GTR is focusing on providing a safe and reliable service to customers as they continue to come back to their rail services over the next few months. We are working in collaboration with the DfT, the industry and our stakeholders to reconnect people and communities, improve performance and meet the needs of all our customers.”

Photo credit: GTR

image_pdfDownload article
- Advertisement -

Most Popular

Brilliant boost for Barmouth economy in next stage of viaduct restoration

Alun Griffiths secure contract for the final stage of the Barmouth Viaduct upgrade project. Alun Griffiths Contractors Ltd has been awarded the contract for the...

East West Railway Company launches engagement exercise for innovative ‘Enterprise Partner’ model – an industry first for UK rail

The East West Railway Company (EWR Co) is launching a market engagement exercise on an innovative new ‘Enterprise Partner’ model to support the company...

Green light for £150m Global Centre for Rail Excellence

A planning application for the construction of a world class rail testing facility at the head of the Dulais and Tawe Valleys has been...

Nexus creates a butterfly conservation project on the Tyne and Wear Metro

A special conservation area has been created on the Tyne and Wear Metro network to protect a rare species of butterfly. The one-acre habitat at...