The transport ministers as well as the executives at FirstGroup and also the Virgin Rail are very expected to be called before the two parliamentary committees amidst the growing controversy over the bid for the West Coast rail franchise that was just a few days before.
Both the Public Accounts Committee that is PAC as well as the Transport Committee are quite likely to scrutinize the bid in the face of the figures which are showing that it is not until the month of March of the year 2022 that the winning of the offer of FirstGroup returns substantially to the higher payments to the payers of the taxes.
Margaret Hodge, who is the chairman of PAC, was of the view that she was concerned that, following bid fiascos on the East Coast line, the Department for Transport that is DfT had been “over-optimistic about the number of passenger as well as the growth of the economy”.
She then had to say that there is no simply evidence to them that the DfT has changed its spots on any of this. Also, it is may going to be legitimate for tjem to look at the process which they have engaged in on this bid for the railway task.
In a very critical report into the matter of bid of National Express that was done in the year 2007 for the franchise of the East Coast, the PAC had put allegations on the DFT of failing to “undertake sufficient due diligence”. National Express at that point of time had walked out on its contract which was worth 1.4 billion pounds after the forecast of the volumes of the passenger had failed to materialise.
The Transport Committee is also understood to have even contacted Virgin Rail along with FirstGroup in the past few days. FirstGroup had offered sum where around cash amount of worth 13,3 billion pounds for the West Coast which is inclusive of an extension of almost 20-month up to the ending of the year 2028, against the bid of the amount 11 billion pounds. Apply now with text a loan @ http://www.textaloan.org.uk/ and get amount according to your need.

Nevertheless, the analysis of the bids clearly shows that while the FirstGroup had offered 45 mliion pounds more during the first three full years of the contract, the taxpayers are going to be better off with the Virgin group in each of the next five with as much as an amount of 135 million pounds.