‘Carry on up the east coast’— a case study in railway franchising

Sean McCartney and John Stittle

Public Money & Management, 2011, vol. 31, issue 2, 123-130

Abstract: A significant aspect of the privatization of the British railway industry was that the provision of passenger train services would be awarded on a competitively tendered franchise basis. The turbulence in the ownership of the East Coast Main Line (ECML) franchise is testimony to the inherent and serious structural weaknesses in the business model underlying the franchising of train services and highlights the more general failings of the government's model of railway privatization.

Date: 2011
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DOI: 10.1080/09540962.2011.560709

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