Go-Ahead Group PLC - Southeastern Direct Award Contract
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("GO-AHEAD" OR "THE GROUP")
Southeastern Direct Award Contract
Under its existing contractual terms, Southeastern's revenue is largely generated by passenger fares. The new arrangement is a management contract, reflecting the DfT's response to the COVID-19 pandemic announced on
Approximately 90% of total Group revenues are now derived from contracted markets where there is no direct revenue risk from changes in underlying travel demand.
Southeastern will continue its immediate focus on providing services for key workers in this time of national crisis. Looking further ahead, during the course of the contract term Southeastern will deliver a range of customer experience improvements including exploring options to boost capacity as additional rolling stock becomes available, and continued partnership with Network Rail to develop a longer-term capacity, rolling stock and punctuality strategy for the Southeastern network beyond 2022.
Go-Ahead's subsidiary, Govia (Go-Ahead 65%,
"This new contract provides continuity and stability during a challenging time. The immediate priority remains the health and wellbeing of colleagues and customers, and to support society by providing an essential service for key workers."
"We continue to work with our industry partners to ensure that services are available to get people working in healthcare, food and other vital public services where they need to be. When customers are able to begin travelling as normal, we look forward to reconnecting our communities and further improving capacity, performance and customer satisfaction."
For further information, please contact:
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07766 305 594
07896 968 971
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Go-Ahead is one of the leading
Go-Ahead is one of the
The rail division operates two franchises in the
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