Skip to main content

Written question asked by Mike Gapes (Labour), in the House of Commons. It was due for an answer on Thursday, 6 February 1997. It was answered by John Watts (Conservative) on Thursday, 6 February 1997 on behalf of the Department of Transport.


Dept of Transport

Question
What level of performance bond will be required of First Bus for the franchise for Great Eastern rail services. - Inc fig.
Answer

Mr. Gapes: To ask the Secretary of State for Transport what level of performance bond will be required of First Bus for the franchise for Great Eastern rail services. [14626] Mr. Watts: The value of the performance bond which could be called in by the Franchising Director in the event of the need to terminate the Great Eastern franchise is £9.5 million.


Secondary information

Type
Written question
Reference
14626; 289 c702-3W
Session
1996-97
Subjects
Privatisation Railways Travel Standards First Great Eastern
Contains statistics
Yes