SOUTH WESTERN RAILWAY (SWR) will become the first train operator to be renationalised under Labour’s plans to address issues in the country’s railway system, the Department for Transport announced on Wednesday.
SWR, one of the largest commuter train services in the UK, operates from London Waterloo station.
It will return to public ownership next year, the transport department said.
Currently, SWR is run by FirstGroup and Hong Kong-based MTR. The move is part of the government’s broader strategy to overhaul Britain’s privatised railways.
Train services were privatised in the 1990s, but recent years have seen several operators renationalised after losing franchises due to underperformance.
Labour’s plans include establishing a publicly owned body, Great British Railways, to oversee passenger rail contracts as they expire Read More…..
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