Welsh transport network transformation to continue despite COVID-19
Transport for Wales (TfW), Keolis and Amey have reached an agreement which will lead to the implementation of a new financing and operational model.
The three have reached an agreement which will lead to the implementation of a new financing and operational model, the details of which will be finalised in the coming months.
This agreement is welcomed by the Welsh Government and TfW, who now have a sustainable way forward for delivering their ambitious objectives for rail despite the effects of COVID-19, and by Keolis and Amey, who will continue to contribute their expertise in delivering the transformation for the benefit of passengers in Wales.
Under the new agreement, the operation of day to day rail services will become the responsibility of a new publicly owned subsidiary of Transport for Wales.
The agreement also ensures that key projects aiming to transform passenger experience, including the delivery of brand-new rolling stock and the South Wales Metro, will continue to benefit from the support of KeolisAmey. In addition, AmeyKeolis Infrastructure will continue to deliver the transformation of the Core Valley Lines and maintenance of the CVL infrastructure.
KeolisAmey will also partner with TfW in improving customer experience significantly through integrated ticketing and on-demand transport systems.
Finally, under the new arrangements the international expertise of both Keolis and Amey will also be called upon to advise and support across a wider range of mobility areas.
James Price, Chief Executive at Transport for Wales said: “I’m pleased with this agreement, which will allow Transport for Wales to continue to deliver the transformation of the Wales and Borders rail network over what’s an incredibly difficult period for the industry, with a huge reduction in passenger journeys and revenue.”
“We will continue to benefit from the international industry expertise of both Keolis and Amey whilst giving TfW and Welsh Government more control to deliver our key transport objectives, as we look to sustain the good progress of the rail network and ensure it plays a vital role in helping Wales to be well-placed in a post pandemic environment.”