In stylised terms, the fixed costs of the railway infrastructure are paid directly to Network Rail as Network Grant, and all the variable costs (infrastructure wear and tear, rolling stock capital, energy, rolling stock maintenance, staffing) are attributed to TOCs, and these variable costs are compared with revenues to calculate operational surpluses and losses.
The SWML is a busy railway, Basingstoke and Salisbury are busy/constrained stations, so splitting / joining are best avoided. You size your trains for London end commuter volumes, so if you are running a 10-car train you run the full 10-car throughout. You are stuck with a 10-car train beyond Salisbury running through Romsey. Romsey is a small place - try as you might those morning peak trains towards London are not going to leave Romsey anywhere near reasonably loaded. Those peak trains will not cover the rolling stock capital and the off peak trains will not cover the non capital various costs.
The government has been very clear - it expects rail subsidy to reduce - in absolute terms. Reducing subsidies in the Midlands and North is trickier, so it will expect the L&SE to return to generating surpluses.
What would be far more efficient would be to tidy up the Wessex timetable into a half-hourly takt to improve interchanges at places like Salisbury and Eastleigh, and generate additional demand to justify a reference train length of 4 or 5 carriages for the non-London services (from the current norm of 2 or 3). More useful for Romsey would be a half hourly service to Eastleigh as part of a Wessex takt structure (single line should cope if the rest of the timetable is simple and resilient).
The SWML is a busy railway, Basingstoke and Salisbury are busy/constrained stations, so splitting / joining are best avoided. You size your trains for London end commuter volumes, so if you are running a 10-car train you run the full 10-car throughout. You are stuck with a 10-car train beyond Salisbury running through Romsey. Romsey is a small place - try as you might those morning peak trains towards London are not going to leave Romsey anywhere near reasonably loaded. Those peak trains will not cover the rolling stock capital and the off peak trains will not cover the non capital various costs.
The government has been very clear - it expects rail subsidy to reduce - in absolute terms. Reducing subsidies in the Midlands and North is trickier, so it will expect the L&SE to return to generating surpluses.
What would be far more efficient would be to tidy up the Wessex timetable into a half-hourly takt to improve interchanges at places like Salisbury and Eastleigh, and generate additional demand to justify a reference train length of 4 or 5 carriages for the non-London services (from the current norm of 2 or 3). More useful for Romsey would be a half hourly service to Eastleigh as part of a Wessex takt structure (single line should cope if the rest of the timetable is simple and resilient).