- 7 updates
The Government's confirmed today that the East Coast main line, which runs through Peterborough and Stevenage, will be put out to tender after four years in public ownership. Not everyone's happy about it. Watch Elodie Harper's report.
The Greater Anglia rail franchise covering most passenger train services in Norfolk, Suffolk and Essex is to be extended by more than two years.
The deal with Dutch operator Abellio, which began in February last year, was due to expire next July, to be replaced by a long-term franchise running for around 15 years.
The East Coast main line, which runs through Stevenage and Peterborough, is to be re-privatised under plans announced by the Government.
The franchise has in the past been given up twice by the private sector, with the line being run by the Department for Transport since the end of 2009.
A bidding competition has now started with a new operator expected to be in place by February 2015.
Virgin confirms it is planning to bid for the East Coast line franchise.
A transport union boss has described the Government's announcement to privatise the East Coast main line as "profiteering".
General secretary of the RMT Bob Crow said: "Despite wasting hundreds of millions of pounds of taxpayers' money on the franchising circus, and instead of learning the lessons of the privatisation disasters on the East and West Coast main lines and across the rest of the network,
the Government has this morning given the green light to a whole new wave of profiteering that will have the train companies laughing all the way to the bank."
The Transport Secretary Patrick McLoughlin has said privatising the East Coast main line would put passengers "in the driving seat".
Mr McLoughlin said: "This programme is a major step in delivering tangible improvements to services, providing long-term certainty to the market and supporting our huge programme of rail investment.
"Above all, in future franchise competitions we are placing passengers in the driving seat by ensuring that their views and satisfaction levels are taken into account when deciding which companies run our railway services."
Latest ITV News reports
The East Coast main line, which passes through East Anglia, is expected to be back in private hands in less than two years.