LNW-GW Joint
Veteran Member
Interesting. I wouldn't have thought a private business would deliberately price their product out of the market, leaving them with assets that aren't making a return - for political purposes.
There was a special agreement to lease the ex-BR fleet back from the ROSCOs, for (I think) 7 years, or the typical length of the initial franchises.
It was known as the MOLA (Master Operating Lease Agreement).
That fixed the lease charges similar to new stock to prevent the TOCs rushing for new trains.
Much BR stock was of course then fairly new (Networkers, Mk4s, 158s, even 319s).
Ten years later there was a massive row between DfT and the ROSCOs, because they didn't bring prices down.
The MMC/CMA told them it was their (DfT) fault for fixing the market and micromanaging the purchase and allocation of rolling stock.
Things should be on a strictly commercial basis now, but we are only just coming into an era of "spare" rolling stock.
The DfT is still "fixing the market" with its purchase of IEP, Thameslink and Crossrail stock, with HS2 to come.
But the rest of the market is supposed to be "free".
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