Thursday, 22 January 2015


In addition to DLR being operated by a French/Spanish consortium it seems that subject to approval 28% of the UK’s passenger trains are now owned by the richest man in Asia.  Yesterday CK Investments aka Li Ka-shing, valued at $31.9bn by Bloomberg, agreed a deal to buy ROSCo Evershlot Rail which along with a large amount of freight trains leases rolling stock to various TOCs including those currently used on Southeastern’s Javelin service out of St Pancras, the soon to be privatised East Coast and Chiltern Rail Marylebone to Birmingham Snow Hill via High Wycombe and Banbury. 

Re-nationalisation isn’t going to be as straight forwards as some people might think.
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4 comments:

  1. TRT23 January 2015 at 10:14

    I'm sure Nigel will kick Johnny Foreigner out.

    ReplyDelete
    Replies
    1. ASLEF shrugged23 January 2015 at 11:21

      You forget that Farago is a City boy, he may wrap himself in the Union Jack but underneath the Man of the People wears an expensively tailored Savile Row suit.

      Delete
    2. Unknown10 February 2015 at 01:10

      He'd rather leave the working class to fight it out whilst he and his city mates go about dismantling the state for their own gain

      Delete
  2. It'sgy5 June 2015 at 07:30

    It's great post! Thanks for sharing!

    ReplyDelete

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