"Tom Anderson" wrote in message
h.li...
Right,

Quick question - who paid for Evergreen 2? Am i right in thinking it was
Chiltern (or Chiltern's investors, or banks lending to Chiltern, or
something to that effect)? Not the government? And that presumably
Chiltern thought they could make enough from fares (and perhaps increased
subsidy) from the extra trains to cover it?

Anyone know how that's working out so far?


Chiltern's parent company Laing paid for it to be built, but with a loan
backed by Network Rail IIRC, which meant Laing had the financial risk during
the project; and I believe when it was complete it was then transferred to
Network Rail for an agreed sum. I think it is called a 'Design, Build,
Finance and Transfer' DBFT arrangement...

There seem to have been a few false starts with new timetabling to make use
of the new capacity, though - there was a lot of correspondence with
passenger groups on their website a couple of months back...

Paul