727:
179:, Prism Rail promised that it would make a premium payment of £24.8 million to the franchising office in 2004. During December 1996, it was announced that that the company had been awarded a seven year concession to operate the WAGN franchise; it was the fourth awarding of a passenger train franchise to Prism Rail by that time. By 1999, according to statistics compiled by the
183:, West Anglia Great Northern was amongst the best performing franchises, being one of only seven franchises to obtain a B grade, for which its average punctuality had to be above 90 per cent while its average reliability figures had to be exceed 99 per cent. In July 2000, the company had agreed to invest £20.5m into the network, and had reported that the
140:
in May 1996. During
January 1997, Prism Rail was forced to abandon a £30 million bonus share scheme intended for its management after several of the company's investors expressed their dissatisfaction, with some claiming it to have been excessively generous.
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commenced later that same month. The terms of franchise included its potential to be curtailed to only seven years if the operator did not fulfil bid commitments to replace the existing
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132:. In order to finance its bid for its first franchise, the company secured external backing, initially from a small number of institutional investors and subsequently via an
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franchise assumed responsibility for the majority of services in Wales as shown on its map. On 1 August 2003, in spite of
National Express's bid to retain it, the
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with new trains. Accordingly, during 1997, Prism Rail placed an order valued at £92 million with the multinational rolling stock manufacturer
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Prism Rail was established by a number of individuals from the private bus industry with the intention of securing one or more of the
197:
On 2 July 2000, LTS Rail was rebranded as c2c. In March 2001, National
Express combined the management and support functions of c2c,
450:
599:
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was a
British passenger rail company formed in July 1995 to bid for rail franchises in the United Kingdom during the
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100:. It expressed interest in eighteen franchises, was shortlisted for twelve and was ultimately awarded four,
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433:"West Anglia Great Northern (WAGN) Railway correspondence: includes railway business plan..."
381:"Office of Passenger Rail Franchising:The award of the first three passenger rail franchises"
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194:. The integration of the two companies was formally completed on 19 September 2000.
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In July 2000, Prism Rail was purchased by the
British transport specialist
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franchise to Prism Rail for a period of 15 years; operations of
679:"SRA Announces Preferred Bidder for New Integrated Wales Franchise"
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portion of the franchise' operations were running at a profit.
153:
101:
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During
October 2001, the company's two franchises in Wales,
471:"West Anglia Great Northern Franchise Invitation to Tender"
681:(Press release). Strategic Rail Authority. 1 August 2003.
738:
556:. Merrill Corporation. 21 December 2009. Archived from
344:"Prism drops share scheme after big investors' protest"
316:
314:
504:
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81:
71:
61:
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45:
35:
409:. UK Business Park. 5 March 1997. Archived from
407:"UK Business Park UK Activity Report – ADtranz"
323:"Founders of Prism Rail in £27m shares bonanza"
704:"Four still in race for Wales & Borders".
758:
8:
814:2000 disestablishments in the United Kingdom
794:Post-privatisation British railway companies
733:This article about a company of the UK is a
710:. No. 446. 16 October 2002. p. 12.
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177:West Anglia Great Northern (WAGN) franchise
765:
751:
27:
20:
451:"Prism wins franchise for Great Northern"
804:Railway companies disestablished in 2000
588:. No. 386. 28 June 2000. p. 4.
220:, were reorganised, after which the new
16:1995–2000 British passenger rail company
789:Defunct companies of the United Kingdom
531:"National Express buys Prism for £166m"
511:"National Express buys Prism for £166m"
363:"Soaring Prism renews rail sale attack"
241:
144:In May 1996, it was announced that the
600:"New website for new rail company c2c"
250:"Prism Rail Plc - company no: 3081303"
150:London, Tilbury and Southend franchise
146:Director of Passenger Rail Franchising
799:Railway companies established in 1995
784:British companies established in 1995
660:. Wales & Borders. Archived from
321:Harrison, Michael (15 October 1996).
7:
723:
721:
181:Office of Passenger Rail Franchising
551:"Base Prospectus: National Express"
449:Tooher, Patrick (7 December 1996).
342:Tooher, Patrick (21 January 1997).
737:. You can help Knowledge (XXG) by
509:Osborne, Alistair (19 July 2000).
14:
685:from the original on 25 June 2016
436:discovery.nationalarchives.gov.uk
277:. 31 January 2002. Archived from
725:
205:in a single organisation called
361:Grimond, Magnus (30 May 1996).
128:that were being created by the
606:. 19 June 2000. Archived from
582:"LTS Rail relaunches as c2c".
489:"WAGN reviews brief at Mustoe"
292:Poole, Fiona (8 August 1996).
1:
228:awarded the new franchise to
138:Alternative Investment Market
130:privatisation of British Rail
98:privatisation of British Rail
819:United Kingdom company stubs
809:Railway operators in London
294:"Rail Passenger Franchises"
275:"Passenger Rail Franchises"
835:
720:
299:. House of Commons Library
114:West Anglia Great Northern
164:for the production of 44
126:passenger rail franchises
26:
635:. National Express. 2002
226:Strategic Rail Authority
475:railwaysarchive.co.uk
385:National Audit Office
281:on 30 September 2007.
134:the company's listing
630:"Annual Report 2001"
516:The Daily Telegraph
438:. 31 December 1995.
413:on 15 February 2012
222:Wales & Borders
175:In its bid for the
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610:on 9 February 2001
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493:marketingweek.com
387:. 16 October 1996
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57:19 September 2000
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477:. 6 August 1996.
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230:Arriva UK Trains
218:Wales & West
203:Stansted Express
192:National Express
148:had awarded the
110:Wales & West
76:National Express
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563:on 30 June 2023
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539:. 19 July 2000.
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495:. 4 March 1999.
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456:The Independent
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22:Prism Rail plc
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369:. London, UK.
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739:expanding it
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689:25 September
687:. Retrieved
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608:the original
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558:the original
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536:The Guardian
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301:. Retrieved
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279:the original
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257:. Retrieved
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214:Valley Lines
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207:London Lines
206:
201:, WAGN, and
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189:
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174:
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106:Valley Lines
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18:
655:"Route map"
170:Electrostar
778:Categories
639:8 February
614:3 February
567:3 February
391:5 February
303:1 February
236:References
199:Silverlink
94:Prism Rail
459:. London.
166:Class 357
72:Successor
49:July 1995
40:Transport
683:Archived
417:1 August
259:14 April
172:" EMUs.
154:LTS Rail
102:LTS Rail
82:Products
66:Takeover
36:Industry
162:Adtranz
136:on the
120:History
54:Defunct
46:Founded
112:, and
665:(PDF)
658:(PDF)
633:(PDF)
561:(PDF)
554:(PDF)
297:(PDF)
735:stub
691:2012
641:2023
616:2023
569:2023
419:2009
393:2023
305:2023
261:2024
216:and
62:Fate
780::
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313:^
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168:"
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
