TIDMSGC

RNS Number : 0435O

Stagecoach Group PLC

04 February 2016

4 February 2016

SOUTH WESTERN RAIL FRANCHISE

Stagecoach Group plc ("Stagecoach") is pleased to confirm that it has been shortlisted by the Department for Transport ("DfT") to receive an Invitation to Tender for the new South Western rail franchise.

The South Western franchise serves parts of Berkshire, Devon, Dorset, Hampshire, Surrey, Wiltshire and the Isle of Wight. Nearly 1,700 trains a day serve more than 200 stations. Around 14% of all passenger journeys in the UK are made on the South Western network, which serves both commuter and leisure markets.

Stagecoach, which has operated the network under the South West Trains brand since 1996, is one of two bidders to have pre-qualified for the new franchise.

The Invitation to Tender ("ITT") for the franchise is expected to be published in the next few months. The new franchise is due to start in 2017 when the current South West Trains contract comes to an end.

Stagecoach Group Chief Executive Martin Griffiths said: "We are proud to have been trusted to run the South Western network for the past 20 years. The continuity of one operator understanding and serving passengers and local communities has been key, helping transform the network and attract millions of new customers to rail travel.

"Over the past two decades, we have introduced an entire new fleet of trains and invested in other major passenger improvements. We have worked in close partnership with Network Rail to deliver a more integrated railway. Our expertise has helped government develop a long-term vision for our rail network. We have also returned hundreds of millions of pounds to the taxpayer to reinvest in public services.

"But more work needs to be done. The next franchise requires a transport operator which fully understands this complex network, grasps the massive challenges ahead, and has a track-record of delivery and working effectively with industry partners. Our experience means we are well placed to see that job through.

"Our vision is for a railway that is more responsive, and built around each customer, their priorities and their communities. We look forward to working with local stakeholders on developing plans to tackle overcrowding, boost punctuality and deliver better, more connected and more accessible journeys. Delivering industry-leading transport innovation and a step-change in customer service will be central to our proposals."

The DfT has started consulting with passengers, businesses and local councils on the specification for the new South Western franchise. It has yet to confirm the length of the new contract. The consultation runs until 9 February 2016.

ENDS

For further information, please contact:

 
 Analysts 
   Ross Paterson, Finance Director         01738 442111 
   Bruce Dingwall, Group Financial 
   Controller                              01738 442111 
 Media 
  Steven Stewart, Director of           01738 442111 or 
  Corporate Communications                 07764 774680

NOTES TO EDITORS

Stagecoach Group

   -- Stagecoach Group is an international public transport group, with extensive operations in the UK, mainland Europe, 
      the United States and Canada. The Group employs around 39,000 people, and operates around 13,000 buses, coaches, 
      trains and trams. 
 
   -- Stagecoach is one of the UK's biggest bus and coach operators with around 8,500 buses and coaches. The Group's 
      business includes major city bus operations in London, Liverpool, Newcastle, Hull, Manchester, Oxford, Sheffield 
      and Cambridge. Low-cost coach service, megabus.com, operates a network of inter-city services across the UK and 
      continental Europe 
 
   -- Stagecoach is a major UK rail operator, running the South West Trains, Island Line and East Midlands Trains 
      networks. It has also partnered with Virgin to run the East Coast and West Coast inter-city rail franchises. 
 
   -- Stagecoach operates the Supertram light rail network in Sheffield. 
 
   -- In North America, Stagecoach operates around 2,400 buses and coaches in the United States and Canada. megabus.com 
      directly links over 130 key locations in North America. Stagecoach is also involved in operating commuter, 
      transit, contracted, charter, airport shuttle and sightseeing services.

This information is provided by RNS

The company news service from the London Stock Exchange

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