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MTR CORPORATION Loses Concession to Operate New Elizabeth Line, Taken Over by JP JV
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Transport for London (TfL) announced plans to award the new Elizabeth Line operator contract to GTS Rail Operations Limited, a joint venture between Go Ahead Group, Tokyo Metro and Sumitomo Corporation. GTS will take over from the existing operator, MTR Corporation (Crossrail) Limited, in May 2025. GTS' contract will cover 7 years with an option to extend for 2 additional years. MTR Corporation (Crossrail) Limited is a wholly-owned subsidiary of MTR CORPORATION (00066.HK). According to the company's website, on 30 July 2014, MTR Corporation (Crossrail) Limited was awarded the concession to operate the new Elizabeth Line train service. In 2022, the concession agreement has been extended by two years to May 2025. AAStocks Financial News |
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