11. Virgin has the right to withhold 10% of the proceeds of the liquidated damages negotiated with Alstom for delays in the delivery of Pendolino trains and 10% of the benefits of a reprogramming of the vehicle rental negotiated with Angel Trains. 3. The SRA is the position of specific strategic service requirements, with Network Rail and franchise operators as suppliers of our specifications. This clarity and security of roles and responsibilities will make it easier for TEPs to use other resources that could be allocated to them for expenditures. 3. In 2003, Connex provided an additional $11 million in equity for the South East franchise, in addition to the $58 million SRA investment. None of the $58 million should be distributed in another scenario. The DfT required that the new operator have experience in high-speed trains and infrastructure, so that all bidders have a partnership with an Asian or European high-speed operator.   In June 2017, DfT announced that three consortiums had been shortlisted for the franchise: FirstGroup plc has agreed with the Department of Transport on the next steps for the train operators of South Western Railway and West Coast Partnership, the latter of which includes Avanti West Coast and the ghost operator for HS2 (together). – The DfT already has several months since the signing of the franchise in August to consult and publish all the necessary information. 3.
The Virgin Cross Country franchise has also been partially dependent on puG2 outlets for these routes from Coventry to Birmingham and the north-west. At the time, high-speed traffic was expected to begin in the first phase of HS2 in 2026. Initially, the new franchise was scheduled to start in September 2019 and offer WCML services for seven years until 2026, followed by five years as an integrated operator for WCML and HS2 (until 2031) – with the Possibility of the Secretary of State extending the term to three years (until 2034).   West Coast Partnership (WCP) is a UK rail company for passenger trains on the West Coast Main Line (and their branches), between London Euston, the West Midlands, Shropshire, North Wales, Liverpool, Manchester, Carlisle, Edinburgh and Glasgow. It was created in December 2019 and is currently operated by Avanti West Coast. In November 2016, the Department for Transport (DfT) announced that the InterCity West Coast franchise will be replaced by the West Coast Partnership, which will offer express services on both the West Coast Main Line (WCML) and High Speed 2 (HS2). 1. SRAs and PTEs, as co-signers of relevant franchise agreements, often meet to discuss issues relevant to the management and development of franchise services activities. This practice will be continued and developed as part of the next replacement franchise, including the annual review of service commitments.
This is a process in which the ASA will determine, in consultation with other stakeholders, including PTEs, the level and extent of future service levels, including consideration of corrective actions to achieve future demand and performance targets. As a result of the termination agreement, we are now negotiating with the DfT for new directly assigned management contracts that will come into effect at the end of the ERMA, under which each established train operator will provide passenger services.