Showing posts with label trains. Show all posts
Showing posts with label trains. Show all posts

Friday, March 23, 2012

Taken for a ride

ScotRail dividends to its share-holders add 7% to cost of fares.

The Rail, Maritime and Transport Workers union (RMT) said franchise holder ScotRail paid dividends of £18 million in 2010, £18m in 2009, £17m in 2008 and £21m in 2007.

"In two of these years, ScotRail actually paid more in dividends than it made in profit, leading to the obvious conclusion that because it does not contribute anything towards investment in the railway or rail infrastructure, and with the level of Government subsidy even covering its track access charges, it is simply milking Scotland's railway."

http://www.heraldscotland.com/politics/political-news/scotrail-dividends-add-7-to-cost-of-fares.17085971

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Summer School 2017  21st – 23rd July Fircroft College, Birmingham   These days, con...