The RMT Union has today said the Chinese state is "set to make a killing at the British taxpayers expense" after it was announced a new operator is set to takeover the South West Trains franchise.
In a surprise announcement today the franchise will be taken over by Great Western Railway owner First Group and MTR who operate the Hong Kong metro.
The new franchise will begin from 20th August this year and will run until at least August 2024.
Stagecoach had run the franchise for 21 years.
It will see First Group owning 70% of the joint venture and MTR owning the remaining 30%.
First Group said it will deliver the "tangible improvements that customers and stakeholders want" with passengers able to look forward to "new and better trains".
The company says customers will see more seats and services, quicker journey times, improved stations and more flexible fare options.
The CEO of MTR, Jeremy Long, said the company is known for its "excellent quality rail services".