Advertisement

  1. ITV Report

London to Essex rail franchise sold in £73m deal

The franchise runs from the City of London to Essex. Credit: PA

Italy's Trenitalia has completed the acquisition of the c2c rail operation from National Express. The £72.6 million deal, announced last month, has been formally approved by the Department for Transport (DfT), Trenitalia said.

Trenitalia say passengers will benefit from 'innovative technology'. Credit: PA

I am pleased that we have been able to conclude this acquisition so rapidly, and we can now immediately start to concentrate on the day-to-day business of c2c.

– BARBARA MORGANTE, CHIEF EXECUTIVE, TRENITALIA

The c2c service runs between Fenchurch Street and Shoeburyness, covering 26 stations across east London and south Essex.

Today's announcement is another stage in the take-over of UK rail by foreign states while the Tories' ideological hatred of the public sector prevents the British state ownership of our railway.

Profits are set be creamed off from the UK to pay for new trains and lower fares in Italy. That is a national scandal.

– MICK CASH, GENERAL SECRETARY, RMT UNION