26th Apr 2007 07:01
Office of Rail Regulation26 April 2007 Leasing of rolling stock for franchised passenger services ORR/11/07 The Office of Rail Regulation (ORR) announced on 26 April 2007 its decision torefer the leasing of rolling stock for franchised passenger services to theCompetition Commission (CC) for further investigation. The decision follows a full public consultation on ORR's competition assessmentand the draft market reference. Following careful consideration of consultationresponses, ORR remains of the view that certain market features are limitingcompetition and have the potential to lead to higher prices and a poorer qualityof service than would otherwise be the case in a more competitive environment. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L