The franchise of the great western main line has been cancelled for the 15 year franchise. The franchise will be run by First until October 2013 where a possible 2 year extension will be negotiated between First and DFT. If the negotiations are not feasible in DFT's eyes then Directly operated railways will step in. This will result in a train operating company like East coast. The 15 year contract will be decided and rebid for after the 2 year extension.
More information here: http://www.railwaymagazine.co.uk/news/great-western-franchise-competition-cancelled
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