Contents
2 Is franchising delivering for the passenger?
Is there adequate competition for the market?
Benefits and risks of open access
4 Taxpayer support and the transfer of risk to the private sector
Taxpayer support of the railway
Financial risk in operating a franchise
Size and complexity of franchises
6 Franchising and Network Rail
Franchising and the control periods
Incentives for performance and cooperation
Route-level Efficiency Benefit Sharing (REBS) mechanism
Franchise competition outcomes
East Anglia competition and the Stansted Express
The franchise agreement and specification
Franchise performance monitoring
Changes to performance reporting
The commercial and enforcement functions of franchising
Planning and scheduling franchise competitions
Franchise competitions and infrastructure changes
Intercity West Coast Partnership
Reviewing the franchising functions of the DfT
Conclusions and recommendations
List of Reports from the Committee during the current Parliament
2 February 2017