skip to content

Other

FirstGroup JV shortlisted for East Midlands rail franchise

01 March 2017 08:09

First Trenitalia East Midlands Rail, the joint venture between FirstGroup and Trenitalia UK, has been shortlisted by the Department for Transport for the East Midlands rail franchise competition.

First Rail managing director Steve Montgomery said: "We are partnering with Trenitalia to bid for the upcoming East Midlands rail franchise.

"Both ourselves and Trenitalia have extensive expertise of running commuter, regional and long distance services such as those that make up the East Midlands franchise.

"We have a strong track record in delivering continued modernisation and investment, alongside industry partners, through our rail operating companies Great Western Railway, TransPennine Express and Rail Operator of the Year, Hull Trains.

"Trenitalia's knowledge will add further depth and understanding as we develop our proposals to deliver passenger benefits that take full advantage of the significant investment that government and the industry are making in the region’s rail infrastructure.

"We look forward to reviewing the franchise contract details and submitting an innovative and value for money bid which will keep people moving and communities prospering across the East Midlands."

Trenitalia chief executive Barbara Morgante added: "We believe that the experience, competence, innovation and skills of Trenitalia and FirstGroup, developed in international markets, represent a perfect mix to run the East Midlands franchise together.

"Trenitalia is proud and ready to bring all its competencies to the partnership, both from a technical and commercial standpoint, developed in the highly competitive Italian market.

"In addition to the recent c2c acquisition, our participation in the East Midlands bid confirms our strong commitment to the UK market.

"We look forward to passengers benefiting from our track record and ability to innovate and invest across all the rail transport value chain."

At 8:09am: (LON:FGP) FirstGroup PLC share price was -0.15p at 120.05p

Story provided by StockMarketWire.com

Related Company: FGP

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.