A consortium of FirstGroup and MTR has won the contract to operate the South West Trains franchise for seven years, starting on August 20, with possible extension for a further 11 months.
South West Trains has been the flagship Stagecoach business since becoming the first privatised passenger train operator in 1996. It is the only franchise to have remained in the same ownership throughout.
It operates services from London Waterloo to Reading, Portsmouth, Southampton, Bournemouth, Weymouth, Salisbury, Exeter and Bristol, with an extensive suburban metro network. Its lines are the busiest in Europe, and Waterloo is by far Britain’s busiest station in terms of passenger numbers.
SWT operates 1,700 trains a day, covering 200 stations, and employs 4,500 staff. It has consistently been the most lucrative rail business, in recent…
