On Fri, 28 Dec 2007 16:49:38 -0800 (PST), chunky munky
wrote:

London Overground isn't quite like a TOC. It is a concession from TfL.
A private firm operate it on TfLs behalf. TfL set the timetable, fares
and staffing levels. They also retain 100% of the fares.

Apart from revenue risk, it is not dissimilar from Merseyrail, which
is "franchised" by the PTE. It is, however, still part of the
national network, which LOROL will need to remain unless TfL plans on
removing fares interavailability, through fares and the likes which is
likely to annoy quite a few people if they do.

Neil

--
Neil Williams
Put my first name before the at to reply.