Class377/5
Established Member
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- 19 Jun 2010
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Difficult to compare subsidy on a consistent basis, as under Silverlink it was a straight franchise, whereas LOROL operate on a cost based concession with minimal exposure to revenue. Revenue collected on the lines soared on a like for like basis once stations were manned first till last and mostly gated. Equally much of the traffic is on travel cards where revenue allocation is modelled rather than real.
Capital cost is easier, assuming you mean what was spent since TfL took control of the service sepecification. Including all phases of ELL, NLL upgrade, T&H upgrade, the stations upgrade and the fleet, there's not much change from £2bn.
The ELL upgrade was £1bn itself. Shows the scale of investment needed and why not TOC can afford that sort of investment.