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Virgin Trains 'to lose West Coast Mainline bid' | Virgin Trains 'to lose West Coast Mainline bid' |
(40 minutes later) | |
Virgin Rail looks set to lose its bid to continue running the West Coast Mainline later, with the UK's largest rail operator expected to take over. | |
FirstGroup is said to be the front runner for the franchise because it has offered the highest bid. | FirstGroup is said to be the front runner for the franchise because it has offered the highest bid. |
The government is promising extra seats and more investment in stations along Britain's busiest rail line. | The government is promising extra seats and more investment in stations along Britain's busiest rail line. |
But unions and rail campaigners warn jobs will be cut, fares will rise and catering services will be cut back. | But unions and rail campaigners warn jobs will be cut, fares will rise and catering services will be cut back. |
BBC transport correspondent Richard Westcott says it is the first of several big franchises up for grabs in the next few years, and the government is under pressure to get a good deal. | BBC transport correspondent Richard Westcott says it is the first of several big franchises up for grabs in the next few years, and the government is under pressure to get a good deal. |
But picking the biggest bid comes with risks, because it is much harder for the company to make a profit, our correspondent says. | But picking the biggest bid comes with risks, because it is much harder for the company to make a profit, our correspondent says. |
Sir Richard Branson's Virgin Rail has operated the franchise since 1997 after the privatisation of Britain's railways. | |
The West Coast Mainline route serves London, the West Midlands, the North West, North Wales and the Central Belt of Scotland. | The West Coast Mainline route serves London, the West Midlands, the North West, North Wales and the Central Belt of Scotland. |
Virgin Rail, which is 49% owned by another transport company, Stagecoach, could mount a legal challenge if it loses the franchise. | Virgin Rail, which is 49% owned by another transport company, Stagecoach, could mount a legal challenge if it loses the franchise. |