The new All Wales Franchise will be decided under the ScallyWags, not some bionic headed DFT employee as previous. Wag know they were sold a pup
We wont see any no growth franchise again, as will it be worth it, DB will bid to keep others out. Wag know money as got to be spent on new stock
DAB will no doubt put in a competitive bid, as they will on all future franchises (along with all of the usual suspects).
However:
1. We all know that past performance is no guarantee of winning the next tender (see First Great Eastern and Anglia losing out to National Express as an example)
2. Half way through the Wales & Borders franchise, there's little time left to invest in things and get a positive return
3. There's no guarantee that Welsh politicians will have the money to fund investments in the next franchise (they'll talk a good game, but the funding may not be there for substantial improvements)