Friday 10 April 2009

How the railway works #3

Readers may recollect that National Express East Anglia is to receive 120 new Electrostar vehicles.

In these financially straitened times the Eye thought it might be helpful to translate these vehicles into real monetary value.

Below are the additional subsidy payments that NXEA will receive from DafT to take on these new £160m trains:

2009/10

2010/11

2011/12

2012/13

2013/14

Total

£7.176m

£22.895m

£40.931m

£44.449m

£40.961m

£156.412m

Numbers are in ‘real’ amounts expressed in November 2008 prices

See how the good times roll before the new trains have even reached Clacton.

What's more the numbers don't include the additional fares revenue NXEA will earn either.

Presumably there's a queue at the door of Great Minster House to sign-up for those 202 new DMU vehicles?