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Page first written 28 June 2003
Last updated 28 June 2003
Connex to lose franchise as TOC in the south east of London
This morning, SRA suddenly announced that it will withdraw franchise given to the TOC Connex on the train operation over the rail network in London's south east.
Although the announcement says the decision is made on the grounds of Connex's "financial mismanagement", the reason why the decision is made today is unclear. Just like the case of bankruptcy of banks, the authorities cannot wait until the TOC comes to the point where it can no longer operate trains; however, I believe the criteria should be made as clear as possible.
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TAKAGI, Ryo firstname.lastname@example.org (c) R. Takagi 2003. All rights reserved.