Payments to TOCs March 20 to March 21

[Nicholas Lewis]

Dept of Transport have released info on specific TOC payments they've made to TOCs last financial year which came to 8.3B

https://www.gov.uk/government/publi...ger-rail-operators-under-emergency-agreements



Be interesting to know how much subsidy they've receiver per passenger carried if anyone can work that out.

 

[js1000]

Does this figure include original subsidies or just additional emergency funding under EMA agreements? For instance Northern has long been the largest receiver of subsidies by some considerable margin. If that table is reflective of all government subsidies/grants/emergency funding this would represent some change.

 

[Nicholas Lewis]

Does this figure include original subsidies or just additional emergency funding under EMA agreements? For instance Northern has long been the largest receiver of subsidies by some considerable margin. If that table is reflective of all government subsidies/grants/emergency funding this would represent some change.

Its nett of receipts

 

[Bald Rick]

Does this figure include original subsidies or just additional emergency funding under EMA agreements? For instance Northern has long been the largest receiver of subsidies by some considerable margin. If that table is reflective of all government subsidies/grants/emergency funding this would represent some change.

Northern was the largest receiver of subsidies because its fare income fell a long way short of its costs. Othe TOCs has higher costs, but had much higher incomes that covered it. As ridership fell drastically, those TOCs costs were still incurred, but little income to cover it. Conversely, the drop in income on Northern was relatively small - as the income was small to start with.

 

[Nicholas Lewis]

Given Treasury has only provided 2.5B additional funding this year fare box income needs to recover considerably otherwise more support is going to be needed or further efficiencies.

 

[ABB125]

Northern was the largest receiver of subsidies because its fare income fell a long way short of its costs. Othe TOCs has higher costs, but had much higher incomes that covered it. As ridership fell drastically, those TOCs costs were still incurred, but little income to cover it. Conversely, the drop in income on Northern was relatively small - as the income was small to start with.

So that would explain why Thameslink has such an enormous subsidy on that list?

I must say, the GWR figure seems rather big, the only other one exceeding £1 billion. Same reason, or something else?

 

[Bald Rick]

So that would explain why Thameslink has such an enormous subsidy on that list?

I must say, the GWR figure seems rather big, the only other one exceeding £1 billion. Same reason, or something else?

Same reason. Big cost base. Much of which is running lots of short trains in the West Country. But the income is largely covered by Thames Valley commuters and IC passengers from Cardiff, Bristol, Swindon, Taunton, Exeter and Plymouth. Most of these passengers have all gone of course.