Govia Thameslink to avoid nationalisation despite scandal at sister company Southeastern
The TelegraphGovia Thameslink is set to avoid nationalisation despite its sister company being slapped with a record fine for hiding £25m that was owed back to taxpayers. Govia Thameslink, a joint venture between London-listed Go-Ahead and French state-owned company Keolis, is expected to be awarded a lucrative “national rail contract” allowing it to continue running the UK’s biggest train franchise. Govia Thameslink runs the Thameslink, Southern, and Greater Northern lines, with services from London to Cambridge and Bedford in the north, and to Brighton and the South Coast. The scandal was particularly acute for Go-Ahead, which suffered a major sell-off of its shares in the wake of revelations that it “deliberately concealed” money that should have been paid back to the Government.
History of this topic
Govia wins Thameslink contract despite £24m Southeastern fine
The Independent
Rail firm fined £23.5m for ‘breach of public trust’
The Independent
Train firm stripped of franchise over failure to declare £25m of taxpayer cash
The Independent
Trains on UK railways now almost entirely state-owned – by foreign countries
The IndependentDiscover Related
